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AMC Entertainment 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 72.5 million shares on Monday ...
AMC stock jumped as much as 9% in early trading on Thursday after the theater chain announced it received approximately $325.5 million of new equity capital through the sale of 40 million shares. ...
AMC Entertainment stock tanked more than 20% on Wednesday morning after the cinema chain announced plans to sell up to 40 million shares.The company said it plans to use the proceeds “to bolster ...
The Nash-Kelvinator/Hudson deal was a straight stock transfer (three shares of Hudson listed at 11 + 1 ⁄ 8, for two shares of American Motors and one share of Nash-Kelvinator listed at 17 + 3 ⁄ 8, for one share of American Motors) and finalized in the spring of 1954, forming the fourth-biggest auto company in the U.S. with assets of US$355 ...
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 ...
One of 2021’s unexpected trends has involved retail investors propping up stocks lacking in the fundamentals department. Struggling AMC (AMC) has been a prime beneficiary, as the retail crowd ...
The stock is down 90% since July 2023, when it traded just north of $40 per share. In June 2021, the stock closed as high as $339.05 per share on a split-adjusted basis. AMC is expected to ...
In August, a Delaware court approved a merger between AMC and AMC preferred shares that made all outstanding shares AMC common stock. AMC also executed a 10-for-1 reverse stock split at the time ...