AMC Entertainment Tapping Equities Market for Cash With 200 Million Share Offering

Having previously warned investors it could run out of money by the end of the year, AMC Entertainment Holdings (NYSE: AMC) says it is looking to raise over $860 million by filing with the SEC its plan to sell up to 200 million shares. The problem was compounded as movie studios also closed and most theatrical debuts were postponed until 2021. AMC is also renting out its theaters to large groups to bring people in.