AMC Entertainment (AMC) Completes 43 Million Share At-The-Market Equity Offering and Raises $428 Million in Additional Equity Capital

May 13, 2021 11:42 AM EDT

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

AMC Entertainment Holdings, Inc. (NYSE: AMC) (“AMC” or “the Company”), announced today that it has completed its previously announced 43 million share at-the-market equity program launched on April 29. AMC raised approximately $428 million of new equity capital, before commissions and fees, at an average price of $9.94 per share.

Commenting on the capital raise, AMC CEO and President Adam Aron said, “Bringing in an additional $428 million of new equity capital will immediately buttress and fortify our liquidity profile. The additional cash raised puts AMC in a stronger position to tackle the challenges and capitalize on the opportunities that lie ahead.”



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Corporate News, Equity Offerings

Related Entities

Equity Offerings