Two months after a market phenomenon took shares of GameStop to the moon, the video game retailer said Monday that it will sell up to 3.5 million of its shares with the price still vastly elevated.

The company said the shares will be sold through an “at-the-market” offering, which lets a publicly traded company raise capital over time.

A bizarre stand-off between hedge funds that had heavily shorted GameStop, betting that the price of shares would fall, and smaller investors who challenged them, sent shares of the beleaguered company soaring early this year.

Market pundits had urged the company to put more shares on the market as the price of a share, which had hovered around $20 each, spiked close to $500.

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Stressed about returning to ‘normal’ life after COVID-19? Experts share tips to cope

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COVID vaccination drive may slow down in parts of Andhra due to unavailability

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Barbeque Nation share price defies risks from second Covid wave

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Ontario married teachers, parents of 7, share story about battling COVID-19

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Biden to announce executive actions to combat gun violence

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Sierra Nevada, prepping for Florida launch and landing, unveils space station concept

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Madhya Pradesh govt announces night curfew amid Covid spike. Check details

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Shell to make first profit from oil output since pandemic

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EU agency to share results of probe into AstraZeneca shot

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UK begins using Moderna's Covid-19 vaccine as daily shots slow

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Lorraine viewers slam million-pound mansions for sale segment during global pandemic

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Australia blames EU supply issues for slow vaccine roll-out

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Asia Today: North Korea tells WHO it's still virus-free

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Alberta premier announces expansion of COVID-19 vaccine rollout

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COVID-19: Fanshawe College announces postponement of spring convocation ceremonies

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United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

GameStop finally announces a share sale

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