On Monday, movie theater operator AMC sold 72.5 million shares in an at-the-market equity offering.
raised about $250 million of new equity capital, completing the sale Monday during the revived meme stock craze triggered by the return of "Roaring Kitty."
The movie theater operator sold 72.5 million shares in an at-the-market equity offering that it launched on March 28. AMC sold those shares at an average price of $3.45 per share before commissions and fees, the filing said.AMC shares opened at $3.52 on Monday, up about 21% from Friday, likely spurring AMC to complete its equity sale at these elevated prices. As Monday's wild trading continued, AMC more than doubled to hit an intraday peak of $5.88.
Citigroup, Barclays, B. Riley Securities and Goldman Sachs were the sales agents of AMC's equity offering.
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