Enterprenuers
AMC plunges after theater company announces capital raise, proposes reverse stock split
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AMC Movie theatre
Scott Mlyn | CNBC
AMC Entertainment‘s stock fell swiftly on Thursday after the company announced a new $110 million capital raise and a proposed reverse stock split that will require shareholder approval.
AMC’s stock was down nearly 19% in premarket trading to $4.30.
Read the full release from the company here.
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