AMC Shares Tumble on Pact to Sell 95.25 Million of Stock (1)

(Adds shares.)

AMC Entertainment shares drop 24% in premarket trading after the movie theater operator entered into a definitive agreement with institutional investors to sell 95.25 million shares of its common stock for gross proceeds of around $200 million.

• Roth Capital Partners acted as sole placement agent for the offering
• The company intended to use proceeds to redeem all $125.5 million of 6.125% Senior Subordinated Notes due 2027
  • Remaining funds would pay related fees and be used for general corporate purposes
• The offering was expected to close on June 24, 2026

To view the source of this information, click here

--With assistance ...