As a seasoned gamer and investor with a knack for following the ups and downs of the gaming industry, I find myself intrigued by the recent developments at GameStop. The revelation that 71.0 million shares of its Class A common stock are now in the hands of registered shareholders, accounting for about 16% of the total outstanding shares, is certainly noteworthy.
This week, GameStop disclosed their Q3 2024 earnings and provided an update on the status and distribution of their Class A common stock. The company revealed that there are currently 71.0 million shares of this stock circulating among registered shareholders, which is a decrease from earlier reports in September 2024.
In a 10-Q report filed before its Q3 2024 earnings announcement, GameStop disclosed the total number of Class A common stocks it has – approximately 71.0 million. This represents around 16% of all circulating GameStop shares. Interestingly, this figure is slightly lower than the previously reported count of registered shares by about 1.8 million.
Here’s the full related disclosure from GameStop’s 10-Q:
On December 4, 2024, a total of about 446.8 million shares of our Class A common stock were in circulation. Out of these, around 375.8 million shares (or about 84% of the total) were held by Cede & Co, acting on behalf of the Depository Trust & Clearing Corporation. Meanwhile, roughly 71 million shares (or around 16% of the total) were in the hands of our registered shareholders through our transfer agent, as of December 4, 2024.
Despite falling short of projected earnings, GameStop continues to intrigue investors in the technology and gaming sector. Keep an eye on our GameStop coverage at Shacknews for updates on the company’s future developments.
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2024-12-11 01:27