GameStop Corp. Class A(GME.US) entered into an Open Market Sale AgreementSM, referred to as the Sales Agreement, with Jefferies LLC, or Jefferies, on May 17, 2024. This agreement pertains to the sale of shares of GameStop's Class A common stock, which has a par value of $0.001 per share. According to the terms of the Sales Agreement, GameStop may offer and sell shares of its common stock periodically through Jefferies, acting as the sales agent, referred to as the "Sales Agent." Under the prospectus supplement and the accompanying prospectus, and in line with the Sales Agreement, GameStop may offer and sell up to 45,000,000 shares of its common stock from the date of the agreement onwards.

GameStop's common stock is listed on the New York Stock Exchange (NYSE) under the symbol "GME." On May 16, 2024, the last reported sale price of the common stock on the NYSE was $27.67 per share. The stock has exhibited significant volatility in price and trading volume. From February 4, 2024, to May 16, 2024, the closing price ranged from a low of $10.01 to a high of $48.75, with daily trading volumes ranging from approximately 1,731,300 to 206,979,100 shares. During this period, there were no significant changes in GameStop's financial condition or operational results that would justify such volatility in price or trading volume. Additionally, since January 2021, the market price of GameStop's common stock has experienced substantial fluctuations that do not seem to be based on the company's business fundamentals or operational results. Investors purchasing shares in this offering may incur significant losses if the stock price declines. For more details, refer to the "Risk Factors" section of the prospectus supplement.