AMC announces it will issue 23 million shares, stock price drops sharply

stock analyst • • US stock market

On the evening of the 15th, Beijing time, AMC Cinemas fell sharply in U.S. stocks in early trading on Wednesday after the movie theater chain announced that it would issue more than 23 million shares in exchange for its 10%/12% cash/PIK Toggle second lien due in 2026. The aggregate principal amount of subordinated notes is US$163,850,000

View the latest market conditions On the evening of the 15th, Beijing time. AMC Cinemas fell sharply in U.S. stocks in early trading on Wednesday. The movie theater chain previously announced that it would issue more than 23 million shares in exchange for its 10%/12% cash due in 2026/PIK Toggle The aggregate principal amount of second lien subordinated notes is $163,850,000.
This week, as the meme craze returned to Wall Street, the stock rose sharply for two consecutive trading days. The cumulative increase in the two days exceeded 135%.

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