TECH - Jim Cramer Who Once Called GameStop 'Arguably The Worst' Company In America Says It 'Now Has Enough Cash To Become Something Other Than' A Meme Stock | Benzinga
Jim Cramer, the host of CNBC’s “Mad Money,” who had previously labeled GameStop GameStop Corp. (NYSE:GME) as “arguably the worst” company in America, has now expressed a positive outlook for the company.
What Happened: On Friday, Cramer took to X, formerly Twitter, and said, “Gamestop now has enough cash to become something other than Gamestop. Congratz!”
His statement came after GameStop announced the conclusion of its previously disclosed at-the-market equity offering program, under which the company successfully sold 45 million shares. Gamestop generated total gross proceeds of $933.4 million. This implies an offering price of approximately $20.74 per share.