RC Ventures Amends GameStop Stake Filing

TL;DR

Ryan Cohen's RC Ventures updated its GameStop filing, still watching closely.

AI Summary

RC Ventures LLC, led by Ryan Cohen, filed an amendment to its Schedule 13D on May 24, 2024, regarding its holdings in GameStop Corp. The filing indicates a change in the beneficial ownership of the Class A Common Stock. No specific new dollar amounts or share counts were detailed in this amendment, but it signifies ongoing activity and potential strategic shifts by RC Ventures.

Why It Matters

This filing signals continued active interest and potential strategic moves by a significant shareholder in GameStop, which could influence the company's future direction.

Risk Assessment

Risk Level: medium — Filings from significant activist investors like RC Ventures can introduce volatility and uncertainty for the company and its stock.

Key Players & Entities

• RC Ventures LLC (company) — Filing entity
• GameStop Corp. (company) — Subject company
• Ryan Cohen (person) — Beneficial owner associated with RC Ventures
• OLSHAN FROME WOLOSKY LLP (company) — Legal representative

FAQ

Key Financial Figures

• $0.001 — (Name of Issuer) Class A Common Stock, $0.001 par value per share (Title of Class o

Filing Documents

• sc13da812128005_05242024.htm (SC 13D/A) — 64KB
• 0001193805-24-000707.txt ( ) — 66KB

Identity and Background

Item 2. Identity and Background .

(c) is hereby amended

Item 2(c) is hereby amended to add the following: (c) Mr. Cohen also serves as President, Chief Executive Officer and Chairman of the Board of the Issuer, which offers games and entertainment products through its stores and ecommerce platforms.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer . Items 5(a) and (c) are hereby amended and restated to read as follows: (a) The aggregate percentage of Shares reported owned by each person named herein is based upon 351,186,849 Shares outstanding as of May 24, 2024, which is the total number of Shares outstanding following the completion of the Issuer’s “at-the-market offering” program, as disclosed in the Issuer’s Current Report on Form 8-K filed with the Securities and Exchange Commission on May 24, 2024, based upon the disclosure provided in the Issuer’s prospectus supplement filed pursuant to Rule 424(b)(5) with the Securities and Exchange Commission on May 17, 2024. As of the date hereof, RC Ventures directly beneficially owned 36,847,842 Shares, constituting approximately 10.5% of the Shares outstanding. Mr. Cohen, as the Manager of RC Ventures, may be deemed to beneficially own the 36,847,842 Shares owned by RC Ventures, constituting approximately 10.5% of the Shares outstanding. The filing of this Schedule 13D shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer that he or it does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein that he or it does not directly own. (c) There have been no transactions in securities of the Issuer by the Reporting Persons during the past sixty days nor since the filing of Amendment No. 7 to the Schedule 13D. 4 CUSIP No. 36467W109

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: May 24, 2024 RC Ventures LLC By: /s/ Ryan Cohen Name: Ryan Cohen Title: Manager /s/ Ryan Cohen Ryan Cohen 5

View Full Filing

View this SC 13D/A filing on SEC EDGAR