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GameStop's Future: Jim Cramer Outlines Several Possibilities

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GameStop  (GME) - Get GameStop Corp. Class A Report said that it plans to sell up to 3,5 million shares, which could--at least based on the current stock price--fetch more than $600 billion for the company in fresh capital.

TheStreet's M. Corey Goldman noted that, in a filing with the Securities and Exchange Commission, GameStop said it plans to sell the shares through an “at-the-market” equity offering program. It said it intends to use the net proceeds to “further accelerate its transformation as well as for general corporate purposes and further strengthening its balance sheet.”

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