AMC is selling another $110 million in stock, adding to a total that has already exceeded $2 billion since the theater chain got swept up into meme-stock...
AMC Entertainment Holdings Inc. is selling another $110 million in stock, adding to a total that has already exceeded $2 billion since the theater chain got swept up into meme-stock madness and approaching the stock’s total market capitalization.
The price of AMC’s APE units jumped 75.2% to $1.20 on Thursday. AMC shares closed with a 7.4% decline at $4.91. Chief Executive Adam Aron said on Twitter that the move put the theater chain “in a much stronger cash position.”
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