GME Stock Slides Premarket: Retail Traders Split As GameStop’s $1.4B Debt Exchange Sparks Selloff

GameStop announced that certain noteholders will exchange approximately $400 million in notes due 2030 and $1 billion in notes due 2032 for Class A shares.

The $1.4 billion debt exchange is causing GME stock to slide in premarket trading.

Retail traders are split in their reaction to the debt-for-equity swap.