Your gateway to a free society
Article
GameStop Shares Plunge As $1.4 Billion Debt-For-Equity Swap Threatens Dilution
GameStop Shares Plunge As $1.4 Billion Debt-For-Equity Swap Threatens Dilution
GameStop shares fell in premarket trading after the company announced it had agreed to exchange about $1.4 billion of zero-coupon convertible notes for Class A shares, allowing the video game retailer to reduce long-term debt without using cash.
The press release stated that the transactions were privately negotiated and cover $400 million of notes due in 2030 and $1 billion due in 2032. After the cancellation, CEO Ryan Cohen's GameStop will have about $2.8 billion of convertible debt remaining, including...
aboutLiberty Portal
Liberty Portal is your gateway for free markets and free thinking. We aggregate open-sourced content to promote and popularize important people and lessons within the liberty movement.
suggested
Jun 1, 2026 / Tyler Durden
"Firing On All Cylinders, But..." US Manufacturing Surveys Send Mixed Signals In May
"Firing On All Cylinders, But..." US Manufacturing Surveys Send Mixed Signals In May
With US hard data taking a beating (relative to expectations) last week (red line below), analysts remain hopeful that US Manufacturing will hold up (durable goods orders were solid) with this morning's Manufacturing PMIs set to signal stability.
The final May S&P Global US Manufacturing rose to 55.1 (down from the 55.3 flash print) but the strongest since April 2022
ISM's Manufacturing PMI survey also signaled improvement, up from 52.7 to 54.0 (better than 53.0 expected).
"At first glance, the...
Read more
Feb 19, 2026 / William L. Anderson
U.S. Actions Toward Cuba Are Criminal
Even though Cuba poses no threat to the U.S., the Trump administration continues its criminal policies of sanctions and other restrictions in an attempt to foist "regime change" on the country.
Read more
Mar 31, 2026 / Charles Burris
Ron Paul: Still The Voice of Reason
The true heroic voice of reason concerning the past and present disastrous adventurism such as the Afghanistan quagmire is certainly not war criminals George W. Bush, Dick and Liz Cheney, Bill and Hillary Clinton, Barack Obama, and Joe Biden. It is 2012 presidential candidate Ron Paul. He remains the voice of clarity directing his Ron […]
The post Ron Paul: Still The Voice of Reason appeared first on LewRockwell.
Read more
support
If you like what we do and want to support us, then you are a fine humanitarian. Click the link below to find out more.
Support the liberty movement
Want to get in touch?