GameStop shares are dropping 20% Thursday morning, a day after the video-game retailer announced a new fundraising effort.

GameStop is raising money by selling special financial instruments called Convertible Senior Notes. They plan to sell $2.25 billion worth of these notes and might sell an additional $450 million if the buyers want more.

GameStop announces a $1.75 billion convertible notes offering to fund investments, sparking market reactions. Learn about the strategic financial move.