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AMC Bolsters Finances with $325 Million Equity Offering, Calms Bankruptcy Fears

  • AMC Entertainment raised $325.5 million through equity offering, selling 40 million shares at $8.14 per share

  • Significantly boosts AMC's cash reserves, addresses liquidity concerns, fortifies balance sheet

  • Coupled with Q3 surge in industry box office and Taylor Swift tour presales, proceeds let AMC continue recovery

  • CEO says capital raise provides flexibility to navigate industry recovery and deliver for guests

  • Shares up 9% in pre-market trading after capital raise announced

  • CEO says capital raise puts to rest talk of imminent financial collapse for AMC

deadline.com
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