GameStop Announces 4-for-1 Stock Split
Effectively Splitting Shares for Stockholders
Houston, TX – July 7, 2022
GameStop Corp. (NYSE: GME), a leading specialty video game retailer, today announced a four-for-one split of its Class A common stock in the form of a stock dividend. The stock split will be effected in the form of a stock dividend payable on July 21, 2022 to stockholders of record at the close of business on July 18, 2022.
Following the stock split, each stockholder of record will receive three additional shares of Class A common stock for each share held as of the record date. The new shares will begin trading on a split-adjusted basis on July 22, 2022.
"We believe that this stock split demonstrates our commitment to creating long-term value for our stockholders," said Matt Furlong, GameStop's Chief Executive Officer. "We are excited about the future of GameStop and believe that this stock split will make our shares more accessible to a wider range of investors."
The stock split will not affect the total number of authorized shares of Class A common stock or the par value per share. The split is intended to increase the liquidity of GameStop's shares and make them more affordable for individual investors. The company's Board of Directors believes that the stock split will also help to broaden the company's shareholder base and increase its visibility in the investment community.
Stockholders do not need to take any action to participate in the stock split. The new shares will be automatically issued to stockholders of record on the record date.
About GameStop
GameStop Corp. is a leading specialty video game retailer with approximately 4,700 stores in 14 countries. The company sells a variety of video game consoles, video games, and other gaming accessories. GameStop also offers a variety of services, including game rentals, repairs, and pre-owned game sales.
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