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GameStop has announced its plans to sell 75 Million of its shares to raise capital via equity offering. The GameStop meme coin is yet to face the impact of the massive sell-off. This move comes to mitigate the losses. The company reported net sales of $881.8 million in Q1 this year, which is lower than its previous year’s $1.237 billion. It also reported a loss of 12 cents per share, missing its estimate of 9 cents per share. The GME stock plummeted to $36.03, with speculations that a massive price would fall ahead.