Meme stocks like GameStop (GME) continue to capture investor attention, even years after the retail-trading frenzy first made headlines. While GameStop’s share price has seen dramatic swings, the company still finds ways to keep shareholders engaged, and its latest announcement is one worth circling on the calendar.
GameStop plans to distribute warrants to its common stockholders as of Oct. 3, with the official distribution set for today, Oct. 7. Each investor will receive one warrant for every ten shares owned, giving them the right to purchase GameStop stock at $32 per share. The company has also applied to list these warrants on the New York Stock Exchange under the ticker “GME WS.”
