GameStop seeks shareholder OK to raise authorized shares to 2.5B for strategic moves including possible eBay buy.

GameStop filed with the SEC to increase its authorized shares from 450 million to 2.5 billion to boost financial flexibility for potential strategic transactions like acquiring eBay, as well as other future initiatives. The board highlighted efforts to cut costs, strengthen finances, and return to profitability. CEO Ryan Cohen's pay is tied to performance, with stock options vesting only if market cap exceeds $20 billion and significant earnings are achieved. Shareholders will vote on these proposals at the July 7, 2026 annual meeting, which will be held virtually.