AMC’s stock tumbles 25% on $200 million stock offering news
AMC Entertainment Holdings, Inc has spent 2026 trying to convince Wall Street that the worst is behind it.
The company set the terms of a $200 million stock offering, its second major capital raise in less than two weeks.
AMC agreed to sell 95.25 million new shares to institutional investors at $2.10 each, a steep 24% discount to the prior close.
The company plans to use most of the proceeds to redeem all $125.5 million of its 6.125% senior subordinated notes due 2027.