GameStop Corp. has announced a special dividend in the form of warrants.
What is a warrant?
A warrant is a type of security that gives you the right (but not the obligation) to purchase a company’s stock at a fixed price (the “exercise price”) before the warrant expires. Warrants are similar to options, but are typically issued directly by the company.
This article provides key information for Selfwealth clients regarding the distribution and your options for managing these warrants.
Key Details of the Warrant Distribution
- Record Date: October 3, 2025
- Distribution Date: On or around October 7, 2025
- Entitlement: 1 warrant for every 10 GameStop shares held, rounded down to the nearest whole warrant (e.g. 106 units at record date would entitle the owner to 10.6 warrants, which is rounded down to 10 warrants)
- Exercise Price: USD $32.00 per share
- Expiry: October 30, 2026
- Ticker: Expected to trade on the NYSE as GME WS
Important Information for Selfwealth Customers
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Portfolio Display & Asset Class Limitation:
Due to the nature of this asset class, Selfwealth does not currently facilitate trading of warrants on our system, so you will not see these warrant positions appear automatically in your portfolio. -
Tracking Your Entitlement:
Customers will need to keep track of their GameStop shareholdings as of the record date (October 3, 2025) in order to determine how many warrants they are entitled to receive (1 warrant for every 10 shares held). As these holdings will not be displayed on your portfolio, it is your responsibility to calculate your entitlement. -
Manual Sell Option:
We will offer a manual sell functionality only for customers who receive these warrants.- To sell, you must complete the details specified in the attachment below and submit it to support@selfwealth.com.au
- Please note that manual sell orders can only be placed at market price. Limit pricing orders are not supported. If you are unsure of your warrant allocation and wish to sell all units please specify ALL for unit quantity.
- Please note that due to the omnibus account structure of our US Broker, it is possible that you may receive a rounded up warrant for any fractional entitlement. If this is the case and we receive a sell order, we will include this in your instruction.
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Exercising Warrants:
If you wish to exercise your warrants, you must also complete the details specified in the attachment below and submit it to “support@selfwealth.com.au”, indicating that you wish to exercise rather than sell.- A variable administrative fee from our US broker for exercising warrants may apply, ranging from USD $10 to $40 per instruction (not per unit).
- You must ensure that you have a sufficient balance in your Selfwealth USD cash account to cover both the exercise price (USD $32.00 per share) and any related fees.
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Withholding Tax (WHT):
**UPDATE**
Due to the value of these warrants being issued with no consideration, our US broker has not been charged for the distribution and in turn there will be no witholding tax implication for Selfwealth clients.
Next Steps
- No action is required to receive your warrants - they will be allocated automatically based on your holdings as of the record date.
- If you wish to sell or exercise your warrants, complete the details specified in the attachment below and submit it to support@selfwealth.com.au
Please refer back to this article for any updates that may occur as the distribution progresses.
For any questions regarding this distribution or the manual order process, please contact support@selfwealth.com.au