The struggling theater chain raised $250 million of "new equity capital" through the sale of 72.5 million shares on Monday,The completion of the equity offering, which was initially launched on March 28, came as the meme trade roared back into action on Monday. After the, also known as "Roaring Kitty," whose bull case on GameStop ignited the meme stock rally back in 2021, sent shares of GameStop appeared first on The Motley Fool Canada.
”Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsMacron Puts French Banks in Play With Plan to Transform EuropeGameStop Shares Soar as ‘Roaring Kitty’ Revitalizes Retail FrenzyChina to Start $138 Billion Bond Sale oConstellation Software stock and another growthy Canadian gem to keep watch as we enter a potentially heated summer season.