GameStop Corp.’s stock soared Tuesday after the company announced the completion of a previously disclosed, roughly $933.4 million equity offering through the sale of 45 million shares. GameStop intends to use the proceeds from the at-the-market offering for “general corporate purposes,

GameStop jumped 14% on Tuesday after the struggling video game retailer said it had raised $933 million by cashing in on a rally in the meme stock earlier this month. The company's shares surged nearly six times their value in the first two weeks of May,

GameStop shares (GME) are on a tear higher Tuesday morning after the video game retailer announced it made $933 million in sales of 45 million common stock on Friday, May 24. What's next for the meme stock coming off of the latest meme trade rally earlier this month?