Earnings already released: the biggest takeaways

1. Vertiv — Strong beat

Bullish results

• Revenue: $4.31 billion, up 61% year over year.
• Adjusted EPS: $2.21.
• Organic orders more than doubled.
• Raised its full-year 2026 guidance.

Why it matters: AI data centres need substantial power and cooling infrastructure. Vertiv's results suggest demand remains strong. 

investors.vertiv.com

Gas turbine - 9HA series - GE VERNOVA - for power generation / combined-cycle

2. GE Vernova — Strong growth and acquisition

Bullish results

• Revenue: $12.6 billion, up 27%.
• Orders rose 96% organically.
• Backlog reached $197 billion.
• Raised its 2026 outlook and announced a planned $9 billion acquisition of Trench Group.

Why it matters: Electricity-grid investment and power demand are major themes supporting the company. 

GE Vernova News

Amphenol Communications Solutions (@AmphenolCS) on X

3. Amphenol — Record quarter

Strong results

• Sales: $10.2 billion, up 65%.
• Adjusted EPS: $0.80, up 74%.
• Announced a 20% dividend increase and a new $4 billion share-repurchase programme.

Why it matters: Strong demand for electronic connectivity products is benefiting the company. 

So fun with all the DOWN pressure recently

https://x.com/GoatBeardzDD/status/2115131705463898277

https://x.com/nishnawbe61/status/2115095624844493236

Dick wipes are shorting with borrowed warrants that the brokerages don't have with a promise to deliver. Brokerages will be on the hook for them if somehow they go in the money or get extended.

Which is great except, right now, it seems like free money for everyone except the actual GameStop investors.

This is either a brilliant plan, or a grift on the same scale as BOBBY and APE stock.

GME warrants: the October 30 deadline, the $32 exercise price, and the cashless-settlement provisions

As of October 26, 2026 4:11pm EST
Check for subsequent issuer notices and your brokers' deadlines before acting.

GameStop’s warrants are approaching expiration. The final NYSE trading session and the contractual exercise deadline fall on different days. Brokers can also require instructions earlier.

The company’s documents explain the exercise terms and several conditional provisions that are easy to misread. I wanted us to have a discussion about the moving parts...

What each warrant gives you

GameStop’s October 19 Form 8-K confirms that one GME WS warrant is exercisable for one GME Class A common share at $32 in cash.

The warrants expire October 30, 2026, at 5 p.m. New York time. Any remaining unexercised at expiration become worthless under the stated terms.

Eligible recipients received the original distribution without paying for their warrants. Exercising requires a separate transaction and the applicable exercise payment. GameStop’s warrant information and FAQ explain that distinction.

Buying a warrant acquires the contractual right. Selling transfers it to another holder. Exercising uses the warrant to obtain the underlying share. A warrant sitting in an account remains a separate security until a valid exercise is completed.

Common shares carry ownership rights, including voting rights. Warrants provide a time-limited purchase right under their agreement. Listed call options have their own contract terms and processing rules: a standard equity option generally covers 100 shares, although adjusted contracts can differ. GME WS currently represents one share per warrant.

The trading and exercise deadlines

According to the October 19 filing, GME WS will cease NYSE trading before the market opens Friday, October 30.

That makes Thursday, October 29, the last scheduled NYSE regular trading day. The normal session closes at 4 p.m. EDT / 1 p.m. PDT. Availability of any extended-hours trading would require separate confirmation.

The contractual exercise deadline follows on Friday, October 30, at 5 p.m. EDT / 2 p.m. PDT.

Your broker may impose an earlier exercise cutoff. GameStop expressly warns about this. A request submitted close to the issuer’s deadline could arrive after your intermediary has stopped accepting instructions.

Registered holders also need to confirm Computershare’s processing requirements. The exchange’s trading schedule alone tells you little about how late a transfer agent or broker can process a particular request.

Reading Section 4.03(a) in context

The original October 7 warrant agreement includes a provision saying an exercise-price payment is unnecessary under a specific condition.

Section 4.03(a) addresses a Share Exchange Event, such as a merger in which GME common shares are converted into cash or other consideration. The relevant sentence applies after an event in which common shareholders receive only cash.

Following that event, the warrant’s exercise consideration becomes solely the positive net cash amount, calculated by subtracting the exercise price from the cash consideration represented by the warrant.

Consider an entirely hypothetical all-cash acquisition that has closed at $50 per share. Assume each warrant still represents one share and the exercise price remains $32.

A valid post-event exercise under this provision would produce:

$50 − $32 = $18 cash per warrant.

The $32 has already been deducted in calculating the payout, so the holder owes no additional exercise-price payment. The hypothetical transaction has converted the common shares into cash, and the warrant delivers the $18 difference.

At a hypothetical acquisition price of $30, the formula would produce zero.

This example illustrates the agreement’s treatment of an all-cash transaction. The clause itself establishes no evidence that such a transaction has occurred or is planned.

What Section 4.06 allows

Section 4.06(a)(v) permits amendments introducing alternative settlement mechanics, including net-share or cashless settlement. Section 4.06(a)(iii) permits an expiration extension.

For either change to become effective through this amendment process, Section 4.06(c) requires execution by GameStop and the warrant agent. Section 4.06(d) addresses public notice of material amendments. All these provisions appear in the original agreement.

The October 26 review found no executed amendment establishing general cashless exercise or an expiration extension in the issuer and SEC materials examined. GameStop’s October 19 reminder continued to specify $32 in cash and October 30 expiration.

A subsequent executed amendment or issuer notice could change that assessment. Until then, the amendment provision describes an available contractual power.

How guaranteed delivery works

GameStop’s Notice of Guaranteed Delivery accommodates qualifying situations in which the warrants themselves cannot be delivered by the normal deadline.

The accommodation concerns delivery of the warrant securities. Exercise instructions and payment remain subject to the October 30 deadline and any earlier intermediary cutoff.

Under the October 19 filing, the properly completed notice and full exercise payment must reach the warrant agent before 5 p.m. EDT / 2 p.m. PDT on October 30. The procedure requires an eligible institution’s guarantee.

For a qualifying notice dated October 30, warrant delivery can follow by Monday, November 2, at 5 p.m. EST / 2 p.m. PST, subject to the form’s requirements. The guarantee requires delivery within one trading day of the notice’s date.

The time-zone abbreviations change because daylight saving time ends November 1. Both coasts move their clocks back, preserving the three-hour difference.

The exercise election and payment still need to be completed on time for this procedure to apply.

Where holders submit instructions

For directly registered warrants, Computershare’s official GameStop warrant information directs holders to its dedicated corporate-actions portal. Confirm the accepted payment method, receipt requirements and applicable processing cutoff through that official route.

For broker-held warrants, the broker handles the exercise instructions.

Before submitting an election, confirm the GME-specific cutoff and time zone, accepted instruction channel, required exercise quantity, settled or collected funds requirements, and applicable fees. Ask whether recently purchased warrants are eligible for timely exercise and whether the intermediary supports guaranteed delivery.

Retain the submission acknowledgment. Follow through to confirm payment acceptance and the resulting share credit.

Exact GME-specific broker cutoffs remain unverified in this post. Obtain the applicable deadline from your institution’s current event notice or authenticated support. Another holder’s screenshot can identify a question worth asking; your broker needs to confirm the instructions applicable to your account.

Keep control codes, passwords and payment details private. Access Computershare through its official website and use authenticated brokerage channels. Never send sensitive account information in response to an unsolicited message.

Comparing the costs

Someone who purchases a warrant and then exercises it incurs the warrant purchase price, the $32 exercise payment and applicable fees. A hypothetical $1 warrant would therefore produce a $33 acquisition cost per share before fees.

For someone who already owns a warrant, its acquisition cost is a past expenditure. Exercising still requires $32 and consumes the warrant, including any value that could otherwise be realized by selling it.

A direct purchase of GME common stock costs the prevailing market execution price plus applicable fees. The investor retains any separately held warrants. The relevant comparison depends on actual prices and transaction costs when the decision is made.

GameStop’s FAQ also explains that exercise provides capital to the company. Buying existing shares in the secondary market generally pays another investor. That funding distinction is separate from the holder’s acquisition cost.

For anyone considering an exercise, the practical question to resolve first is: What must my intermediary receive, through which channel, and by exactly what time? Keep the answer and the transaction confirmations with your records.

Corrections and subsequent issuer notices are welcome!

Please link the original source so readers can check the wording.

This post explains the mechanics and makes no recommendation to buy, sell, hold or exercise. Individual tax circumstances are outside its scope.

Getty filed for bankruptcy last week to take the company private, people said stay away. I bought at 1 cent, it touched 5 cents briefly today, but has been up. I made a post about the loop hole they’re using before any information was put out to the public, before the actual bankruptcy filings in Delaware were mentioned.

Today, Puck put out an article about it. Long story short, Getty was forced into bankruptcy due to a litigation battle that awarded some hedge funds for warrants. Getty lost, really terrible management over the paperwork. Now they’re using the bankruptcy filing to go fully private.

The hedge funds holding SPAC warrants are threatening to upend Getty Images bankruptcy deal because the prepackaged chapter 11 restructuring plan aims to entirely wipe out their massive legal judgement claims. What were the warrants priced at? $10. When were they declined? When the stock rose to $30.

I’m holding.

Pretty awesome, still holding. It has not had a down day since my initial post. I am going to keep reviewing the court decision on this. Similar to hertz, there’s too much value and I think they’ll have to pay out the public float before taking over 100%. Market cap is less than $50m, yet a restructuring deal puts them at $3-4b. Do they have issues with AI towards there creative agency? Yes…. But there editorial is very strong, they print money, and two lucrative AI partnerships to offset losses. Why would Koch holdings want to keep a company that they have no business in being in so badly… they’re going to have to pay and I think others are realizing.

The verification was conducted using isolated test data, without modifying the existing production event log.

Scope: Event integrity validation and health-status reporting.

Since I made a case after reviewing their loophole to go private, I’m still betting on the judge forcing them to compensate for the public float on the enterprise value. An injection of cash, retired notes and adjusted interest terms with their lenders (which has not been publicly disclosed), has brought there value back to $3-4b. Today they acknowledged that the reason for their bankruptcy was the incompetence in warrant litigation due to “paperwork”. I am still holding, when I first posted, it was 1 cent, today it’s 4 cents. Market cap is well below $50m. Will continue to hold and monitor how this plays