Coronavirus film pandemic

AMC Theatres Eyes Selling Up to $124.75 Million in Stock

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hollywoodreporter.com

Cinema giant AMC Theatres has registered up t0 50 million additional shares for sale to raise up to $124.75 million to make it through the coronavirus pandemic.

In a Wednesday regulatory filing, the company said it could sell the shares of ClassA common stock "from time to time" in addition to 200 million shares previously registered.

AMC Theatres mentioned a "proposed maximum offering price" of $2.50 per share, meaning the proposed maximum offering price would reach $124.75 million.

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