AMC opens at all-time high, as investors shrug off hedge fund's stock sale

AMC said in a securities filing that it raised $230.5 million through a stock sale to the investment firm. The movie theater operator said it would use the funds for potential acquisitions, upgrading its theaters and deleveraging its balance sheet.

AMC's business was effectively halted during the pandemic, as cinemas were shuttered in most of the country for months. With no money coming in from ticket sales and concessions, AMC fell behind on its rent. On the brink of bankruptcy, short sellers swarmed the stock.investors shorting the stock were estimated to have lost $1.23 billion

as the shares rallied more than 116%, according to data from S3 Partners. The stock is up more than 1,400% year to date. The company has been making special efforts to communicate with this new investor base. On Wednesday, it said said it launched a new portal on its website for its retail investors. The site includes special offers including

AMC

If you’re not in this stock then you failed but good news, it’s not too late!

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AMC sells 8.5 million shares at near 4% premium to Mudrick Capital, stock surgesAMC Entertainment Holdings Inc. undefined disclosed Tuesday that it sold 8.5 million shares of its common stock for $230.5 million to Mudrick Capital... thanks
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AMC Theatres Raises $230.5M for Acquisitions, Investments via Stock SaleExhibition giant AMC Theatres, led by CEO Adam Aron, has struck a deal to raise more than $230 million for possible theater acquisitions and investments to make its cinema circuit more appealing to… Cell phone lights, constant chatter, pizza grease, other issues. Theatres must clearly set customer expectations in advance, to make it a unique and enjoyable experience. If not its just easier, convenient and more pleasant to stay home. The absolute chonk of this silverback. CEOAdam use the money to buy and HDOL the $AMC stonk.
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AMC Entertainment Stock Sale To Raise $230 Million For Acquisitions; In Talks With Landlords Of Former Arclight Cinemas and Pacific TheatresTheater chain AMC Entertainment said early Tuesday it’s agreed to sell 8.5 million shares to Mudrick Capital Management, raising $230.5 million in cash that it will use for acquisitions. The equity… Fuck AMCTheatres
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