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benzinga.com
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TD SYNNEX, Lululemon Athletica And 3 Stocks To Watch Heading Into Thursday - Lululemon Athletica (NASDAQ:LULU), GameStop (NYSE:GME)

1. GameStop plans a $1.3 billion private offering of convertible senior notes. 2. Company aims to raise additional $200 million within 13 days. 3. GME shares fell 7.4% to $26.26 in after-hours trading.

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FAQ

Why Bearish?

The substantial offering leads to dilution concerns similar to past equity offerings.

How important is it?

The note offering impacts GME’s liquidity and capital structure, essential for investors.

Why Short Term?

Immediate market reaction seen with a significant price drop post-announcement.

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