AMC Entertainment needs the cash because it hasn't seen a profitable quarter since June 2019, when measured by net income.
AMC said it intends to raise new capital through the sale of AMC Preferred Equity Units to private investment firm Antara Capital.
A proposed reverse stock split fueled the latest loss for AMC, which is down about 95% from its June 2021 peak.
Shares of AMC Entertainment Holdings Inc. AMC, +4.33% plunged 20.6% toward 22-month lows, after the movie theater operator announced a $110 million equity capital raise and said it was seeking a 1-for
AMC Entertainment 's stock fell swiftly on Thursday after the company announced a new $110 million capital raise and a proposed reverse stock split that will require shareholder approval.

AMC Up 1.1% as Firm Abandons Cineworld Acquisition

10:23pm, Wednesday, 21'st Dec 2022
US cinema chain AMC Entertainment said it did not reach an agreement to acquire some of the now-bankrupt rival Cineworld's assets, Reuters reported.
AMC Entertainment said in a filing discussions it had with Cineworld lenders about potentially buying some of the rival chain's theaters "are not continuing."
Movie-theater chain AMC Entertainment Holdings Inc. on Wednesday said talks to acquire some theaters run by ailing rival Cineworld Group have ended, after discussing the matter with Cineworld's lender
AMC Entertainment discussed a potential acquisition of Cineworld assets with some of that firm's lenders. The discussions centered on certain theater assets in the United States and Europe owned by ba
Morningstar CEO Kunal Kapoor joins Yahoo Finance Live to discuss investment trends, meme stock investors, and value investing.

AMC scraps plans to acquire Cineworld theaters

11:37am, Wednesday, 21'st Dec 2022
Yahoo Finance Live anchors discuss AMC's decision to terminate acquisition of Cineworld theaters.

Meme stocks gain steam, AMC hits 52-week low

01:08pm, Tuesday, 20'th Dec 2022
Yahoo Finance's Ines Ferré breaks down the latest moves in meme stocks.
Institutional investors are companies or organizations that invest on the behalf of others.
AMC Entertainment (NYSE: AMC ) stock is down more than 8% today. This morning, CEO Adam Aron announced that the company had raised $162 million from the sale of 125.9 million AMC Preferred Equity Unit
AMC has picked up another location, announcing today the acquisition of a the former ArcLight theater located at The Hub on Causeway, a large-scale mixed-use development at North Station in Boston. Th
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