Take-Two aims to raise over a billion dollars through new shares
Take-Two Interactive has announced plans to issue 4.75 million new shares. The company aims to raise $1.04 billion through their sale.
GTA VI
Concurrently with the issuance of new shares, Take-Two Interactive will grant its underwriters a 30-day option to purchase up to an additional 712,500 shares. If they fully exercise this option, Take-Two Interactive will raise $1.19 billion in total — this figure is net of all expenses.
In a message to investors, Take-Two Interactive clarified that the funds will be used for "general corporate purposes," which may include debt repayment and acquiring other companies. No further details were disclosed.
As noted by Bloomberg, Take-Two Interactive's investors received these plans without much enthusiasm. Following the announcement, the price of the company's existing publicly traded shares fell by 4.43%, down to $226.98 each. It's possible they could decrease further soon, as Take-Two Interactive plans to set the price for each new share at $225.
Take-Two Interactive stock performance over the last 24 hours
Let us recall that last week Take-Two Interactive reported a net loss of $4.48 billion for the period from April 2024 to March 2025. The company hopes to achieve better results in this fiscal year. However, due to the delay of the GTA VI release to May 26, 2026, the results might not be as remarkable as they could have been.