🚨ALERT:
$AMC HAS COMPLETED ITS $150 MILLION DOLLAR EQUITY RAISE‼️
AMC said today that we fully completed our $150 million equity raise, announced four months ago. It is particularly encouraging that the AMC share price has risen by more than 50% during this time, showing presumably that investors confidence in a resurgent Box Office outweighs fears about dilution.
This is such good news for AMC Entertainment on all counts.
This greatly bolsters our cash reserves.
I’ve said it many times:
Cash is King.