GameStop amends note exchange to about 55.5 million shares plus $358.4 million cash, closing September 3

On August 31, 2026, GameStop amended its convertible note exchange so that noteholders receive about 55.5 million shares of Class A common stock, about 73% of the consideration, plus about $358.4 million in cash, about 27%, funded from cash on hand. The remainder of the 35-trading-day reference period was terminated, and closing was moved up to on or about September 3, 2026. The change means the exchange is no longer share-only.

• Noteholders receive about 55.5 million Class A shares (about 73% of consideration)
• Cash of about $358.4 million, funded from cash on hand (about 27%)
• Remainder of the reference period terminated; closing on or about September 3, 2026
• Covers the original agreements of about $400M of 2030 notes and $1.0B of 2032 notes