GameStop Corp. is actively seeking shareholder approval to significantly increase its authorized share count to 2.5 billion shares as part of its strategy to acquire eBay Inc. In a recent securities filing, GameStop disclosed that it currently has 448.7 million shares of common stock issued and more than 269 million shares available for future issuance. The company's existing charter permits the issuance of 1 billion shares of common stock and 5 million shares of preferred stock. GameStop emphasized that it values its equity and does not intend to issue new shares without careful consideration, stating, 'A reserve of authorized shares ensures GameStop can act decisively when the right opportunity arises.' CEO Ryan Cohen has made an unsolicited bid for eBay valued at $56 billion, proposing to finance the acquisition with a combination of cash and stock. However, eBay has rejected this offer, deeming it 'neither credible nor attractive.' GameStop's annual shareholder meeting, where the proposed share increase will be voted on, is set for July 7.