With the stock up 862% to $181.30 this year from $18.84, the elevated stock price provides management the opportunity to raise a significant amount of cash with very little dilution. GameStop stock price StockCharts.com$146.7 million in debt coming due this yearGameStop had $146.7 million debt coming due this year as of January 30 but paid off essentially half of it, $73.2 million, on March 15 using cash on hand. GameStop debt GameStop 10-KLong-term debt interest rate is 10%When a company is not doing well it can wind up paying a much higher interest rate than a healthy company. At $140: 1.55 million shares for 2.2% dilutionAt $150: 1.44 million shares for 2.1% dilutionAt $160: 1.35 million shares for 1.9% dilutionAt $170: 1.27 million shares for 1.8% dilutionSelling shares could put pressure on the stock. At $100: 2.16 million shares for 3.1% dilutionAt $110: 1.97 million shares for 2.8% dilutionAt $120: 1.80 million shares for 2.6% dilutionAt $130: 1.66 million shares for 2.4% dilutionIf the company wanted to raise $100 million in additional cash this is the number of shares it would have to sell and the dilution.

Source: Forbes March 30, 2021 12:10 UTC