GameStop Crashes On Plan To Dump 45 Million Shares On Market

Roaring Kitty's post on X unleashed a mega short squeeze in heavily shorted Gamestop and AMC Entertainment Holdings between Monday and Wednesday. 

On the first day of the mania, we pointed out,  "You know Jefferies bankers are burning the phones at GME and AMC pitching ATM equity offerings for after the close." 

You know jefferies bankers are burning the phones at GME and AMC pitching ATM equity offerings for after the close

— zerohedge (@zerohedge) May 13, 2024

Then Tuesday. 

And there it is

AMC Raised About $250M of New Equity Capital in ATM Offering

Thank you retail investors https://t.co/MPu8vfEmNz

— zerohedge (@zerohedge) May 14, 2024

And Wednesday (read here).