Theater chain AMC priced 95.25M shares to raise $200M, triggering a near 20% premarket decline in its stock.
AMC Entertainment’s stock fell nearly 20% in premarket trading after the company priced a $200M equity offering. The sale involves 95.25M shares, with Roth Capital Partners serving as the sole placement agent.
The offering follows recent volatility in AMC’s stock, which has been sensitive to capital-raising efforts. The company last raised funds in 2023 through similar equity sales, often leading to sharp share price reactions.
The deal is expected to close in the coming days, pending customary conditions.