GameStop's stock rose to $18.52 as the company revised its agreements for approximately $1.4 billion in convertible senior notes due 2030 and 2032. The amendment fixes the total share count at roughly 55.5 million shares (73% of consideration) and adds a cash payment of approximately $358.4 million (27%), which is expected to eliminate the dilution overhang. The exchange is expected to close on or about September 3, 2026. GameStop also released preliminary Q2 2026 results, expecting net sales between $780 million and $800 million, and net income between $290 million and $310 million, driven by a $238 million gain from its eBay derivative asset and equity investment.