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AMC enters agreement with Goldman to sell up to 50 million shares

AMC Entertainment Holdings Inc. has entered into an agreement with Goldman Sachs & Co. LLC to sell up to 50 million shares of its common stock through an "at-the-market" (ATM) offering. This move aims to raise capital for the company, which has been facing financial challenges exacerbated by the ongoing effects of the global health crisis on the movie theater industry. The shares will be sold at prevailing market prices, providing AMC with a flexible method to access capital markets. This follows a trend where AMC has previously utilized similar offerings to bolster its liquidity, amidst a backdrop of fluctuating stock prices and investor interest in meme stocks.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/top-stocks/amc-enters-agreement-with-goldman-to-sell-up-to-50-million-shares/ar-AA1voHdH ]