GameStop shares climbed about 4% to 5% in premarket trading after the company amended its August 3 exchange of approximately $1.4 billion of zero-coupon convertible notes. The amendment ends the 35-trading-day volume-weighted average price period, fixes issuance at roughly 55.5 million Class A shares, or about 12% of 448.7 million shares outstanding, and provides noteholders $358.4 million in cash, representing 73% stock and 27% cash consideration. The closing moved forward by 20 days to about September 3, 2026, and approximately $2.8 billion of GameStop's original $4.2 billion convertible-debt stack will remain outstanding. Preliminary fiscal second-quarter sales are expected at $780 million to $800 million, operating income at $150 million to $170 million and net income at $290 million to $310 million, with profit including about $238 million of gains related to eBay investments and roughly $75 million of losses on digital assets and related receivables.