AMC Entertainment Files For Up to $350 Million Stock Offering
November 09 2023 - 9:26AM
Dow Jones News
By Will Feuer
AMC Entertainment filed a prospectus to offer up to $350 million
of stock, pressuring shares in premarket trading.
The movie-theater operator said it might sell shares in
at-the-market offerings, or in block trades.
AMC cautioned that its stock has been volatile.
"The extreme fluctuations in the market price and trading volume
of our Class A common stock in recent years have been accompanied
by reports of strong and atypical retail investor interest,
including on social media and online forums," the company said in
the prospectus. "Under the circumstances, we caution you against
investing in our Class A common stock, unless you are prepared to
incur the risk of losing all or a substantial portion of your
investment."
Shares fell 18% to $8.25 in premarket trading.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
November 09, 2023 09:11 ET (14:11 GMT)
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