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May 14, 2024 at 9:21 AM. AMC Entertainment ( AMC) is cashing in on the revival of the meme stock trade. The struggling theater chain raised $250 million of "new equity capital" through the sale of ...
AMC also executed a 10-for-1 reverse stock split at the time. AMC CEO Adam Aron previously said the stock conversion was crucial to AMC having proper cash balances in 2024 and 2025.
AMC's (AMC) stock sank 7% on Thursday after the country's biggest cinema operator proposed a reverse stock split and a conversion of its preferred equity units into common shares.
Cinema chain AMC dropped 7.7%, after rising 135% in the past two sessions, while video game retailer GameStop fell 10% after hitting its highest level since June 2021 on Tuesday.
AMC CEO Adam Aron previously said the stock conversion was crucial to AMC having proper cash balances in 2024 and 2025. "AMC should now be able to raise additional equity capital," Aron wrote in a ...
AMC Entertainment Holdings Inc.'s (NYSE:AMC) stock surged this week for the first time since retail investors rallied around the movie theater chain in 2015 when Adam Aron took over as CEO and ...
AMC stock closed at an all-time low on Friday. AMC stock (), a retail trader favorite during the meme stock craze of 2021, fell 3% to close at a record low of $4.55 per share on Friday.At its lows ...
A judge on Friday blocked a proposed settlement on AMC Entertainment Holdings’ stock conversion plan that would allow the company to issue more shares, sending its common shares soaring and ...