Shares down 24% premarket (Il Sole 24 Ore Radiocor) - New York, 07 Jun - US videogame retailer GameStop said it would sell up to 75 million additional shares, hours before investor Keith Gill makes a return on YouTube.

"The company intends to use the net proceeds from the offering, if any, for general corporate purposes, which may include acquisitions and investments," GameStop said in a stock market filing.

Shares in GameStop have see-sawed in recent weeks amid speculation that the man behind a 2021 short squeeze on the meme stock had built a significant position in the videogame retailer.

Gill, also known as "Roaring Kitty," has scheduled a livestream video on YouTube for today.

At 1244 GMT GameStop shares were down 24% in premarket trade.

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(RADIOCOR) 07-06-24 14:59:43 (0416) 5 NNNN