AMC Theatres CEO Adam Aron has defended the exhibition giant's heavy stock dilution as necessary to save the company from going to the wall amid pandemic-era theater closures. "Had we not had the ability to put those 300 million shares in the market, our company would have collapsed financially, and the share price would have gone to zero," Aron told the YouTube Channel program Trey’s Trades on April 14 during an exchange that was publicly revealed by parent AMC Entertainment Holdings in an SEC filing on Monday.
Aron was recalling raising new cash by putting around 300 million shares in the market between Dec. 14, 2020 and Jan. 26, 2021. "Any talk of an imminent bankruptcy for AMC is completely off the table," Aron said on Jan.
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