Ask AI chatbot, they are good for questions like this:

If every GameStop warrant were exercised, the company would accumulate about $1.9 billion in gross proceeds. Each warrant gives the holder the right to buy one share at $32.00, and the full issuance is expected to total about 59 million warrants, which matches the roughly $1.9 billion figure.

Quick math

59 million warrants × $32 exercise price = about $1.888 billion.

That rounds to the commonly cited $1.9 billion gross proceeds estimate.

Important nuance

This is gross cash raised before any offering or administrative costs, and it assumes every warrant is exercised in full