GameStop shareholders' meeting interrupted due to technical problems

High shareholder demand caused a technical error - some investors were unable to participate in the conference call.

6/15/2024, 1:01 PM
Eulerpool News Jun 15, 2024, 1:01 PM

The annual General Meeting of GameStop on Thursday had to be prematurely adjourned due to high shareholder interest causing a technical issue.

A spokesperson for Computershare, the transfer agent that hosted the livestream of the meeting, confirmed that the technical issue prevented some investors from participating in the conference call. The meeting was subsequently adjourned.

The problem was caused by an "unprecedented demand from shareholders" who wanted to access the company's general meeting, explained the spokesperson.

GameStop did not respond to a request for comment.

In recent weeks, interest in GameStop from retail investors has surged after Keith Gill, known as 'Roaring Kitty' on social media, resumed posting about the stock. According to FactSet, the GameStop stock has reached an average trading volume of over 83 million shares per day in recent months.

Computershare is now working with its provider to ensure that this problem does not occur again in the future, according to the spokesperson.

The annual shareholders' meeting of GameStop was originally scheduled to begin on Thursday at 11 AM ET.

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