Tags: MED | NORTHAM | STK | TMT | US | WORLD

AMC, Fighting Bankruptcy, Files to Offer 50 Million More Shares

AMC, Fighting Bankruptcy, Files to Offer 50 Million More Shares

Wednesday, 30 December 2020 08:20 AM EST

AMC Entertainment Holdings Inc., the world’s largest cinema operator, plans to offer as many as 50 million more shares as it tries to stave off a bankruptcy filing.

The offering adds onto 200 million shares the Leawood, Kansas-based company registered earlier this month, it said in a filing Tuesday. AMC warned again in the new document that it might have to seek an in-court or out-of-court restructuring, which could wipe out its equity investors.

Movie-theater owners have been hit hard by the coronavirus pandemic. The superhero sequel “Wonder Woman 1984” had the biggest theatrical opening of the crisis last weekend but generated just $16.7 million at the North American box office. Its studio, AT&T Inc.’s Warner Bros., said only 39% of U.S. cinemas were open, at limited capacity.

AMC shares were up 1.3% to $2.32 in premarket trading Tuesday. The stock has fallen for the past seven trading sessions and is down 68% for the year.

© Copyright 2026 Bloomberg News. All rights reserved.


StreetTalk
AMC Entertainment Holdings Inc., the world's largest cinema operator, plans to offer as many as 50 million more shares as it tries to stave off a bankruptcy filing.The offering adds onto 200 million shares the Leawood, Kansas-based company registered earlier this month, it...
MED, NORTHAM, STK, TMT, US, WORLD
156
2020-20-30
Wednesday, 30 December 2020 08:20 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved