Jim Cramer has declared victory for GameStop after the video game retailer announced the completion of its at-the-market equity offering. Cramer believes a transformation could be on the horizon. GameStop shares got a lift late Tuesday after the company said it sold the maximum number of shares registered under its recently announced offering program for gross proceeds of approximately $2.137 billion. Wednesday on CNBC’s “Squawk On The Street,” Cramer highlighted GameStop’s cash position as a checkmate moment for those betting against the company. “GameStop won here. The bears are going to be in retreat,” Cramer said. Given the massive cash position, Cramer argued that GameStop is no longer a public video game retailer, instead it’s acting as a Cohen SPAC (special purpose acquisition company), he said. “This will be his chance to really demonstrate that he’s a great business person and do Chewy 2,” Cramer said. . #gamestop #jimcramer