AMC Entertainment Announces Another Stock Sale, and Shares Tumble [Yahoo! Finance]
AMC Entertainment Holdings, Inc. Class A (AMC)
NASDAQ:AMEX Investor Relations:
investor.amctheatres.com
Company Research
Source: Yahoo! Finance
The theater chain operator said it would use the money to pay off debt and upgrade its locations. It was the latest in a series of steps the meme stock favorite has taken recently to boost its finances. AMC Entertainment ( AMC ) shares sank nearly 10% Friday when the struggling theater chain operator announced another stock sale to raise needed cash. The company wrote in a regulatory filing that it would be offering up to 50 million shares through sales agent Goldman Sachs ( GS ), which it will issue or sell "at any time and from time to time." AMC said it would use the proceeds to repay, redeem, or refinance its existing debt, and to invest in its core business to update theaters, including "an increase in the number of branded premium large format screens." The company, which became one of the favorites of the meme stock craze of early 2021, has taken several steps to shore up its financial position in the recent past. Among them, several stock sales and debt-for-equity s
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AMC
News
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- AMC, Cinemark Log Five-Day Thanksgiving Holiday Records [Yahoo! Finance]Yahoo! Finance
- AMC Theatres® Welcomes More Than 8.8 Million Moviegoers Worldwide Wednesday Through Sunday – In the U.S., AMC Sets Thanksgiving Holiday Period Records for Attendance, Admissions Revenue, Food and Beverage Revenue, and Total Revenue [Yahoo! Finance]Yahoo! Finance
AMC
Earnings
- 11/6/24 - Beat
AMC
Sec Filings
- 12/6/24 - Form 8-K
- 12/6/24 - Form 424B5
- 11/12/24 - Form 8-K
- AMC's page on the SEC website