It's incredibly good for GameStop. This gives them an excellent opportunity to issue new stock and raise a huge war-chest to pivot and become a 21st century business.
The thesis that many Bulls are approaching Gamestop stock with is that the company was fundamentally undervalued prior to the current short-squeeze event. Even after the current spike resolves, a return to a $30 or so share price (up from $5 or so most of this year) gives them plenty of market cap and plenty of time to capture it for a major re-positioning in the market.
Curious how long it would take. Are there regulatory hurdles that take time? If not, I could see that the potential for large profits might make an otherwise slow process suddenly get completed in a short amount of time if needed.