AMC Entertainment Tapping Equities Market for Cash With 200 Million Share Offering
Having previously warned investors it could run out of money by the end of the year, AMC Entertainment Holdings (NYSE: AMC) says it is looking to raise over $860 million by filing with the SEC its plan to sell up to 200 million shares.
The world's largest movie theater owner has faced a cash crunch ever since cinemas were shut down earlier this year due to the pandemic. The problem was compounded as movie studios also closed and most theatrical debuts were postponed until 2021. Consumers have stayed away from theaters since.
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Source Fool.com
