GameStop Corp. said it raised around $2.14 billion in a share sale, with the videogame retailer and meme stock saying it may use the proceeds for mergers and acquisitions.

GameStop said it sold the maximum amount of 75 million shares registered under the program. According to Reuters' calculations, the average sale price of each GameStop share was around $28.50.

GameStop raised almost $2.14 billion as it capitalized on the recent stock rallies spurred by the online reemergence of influential retail trader Keith Gill.The video game retailer said on Tuesday ...

GameStop (GME) has raised $2.14 billion by selling 75 million shares. While shares are sliding on Wednesday morning, the stock is still up almost 75% from the last 4 weeks. Yahoo Finance Anchors ...

GameStop recently completed a substantial $2.14 billion share sale, aiming to funnel the proceeds into strategic mergers and acquisitions. The gaming retailer successfully sold 75 million shares ...

Now, that offering has been fully completed, resulting in total gross proceeds of $2.137 billion. Before that, the company had announced an ATM offering offering of up to 45 million shares on May 17.

However, as InvestorPlace’s Shrey Dua reported July 1, Cohen’s latest X.com post, announcing GameStop’s desire to hire some mobile app developers, isn’t doing to much to re-raise expectations.