GME - What's Going On With AMC Entertainment Stock Wednesday? | Benzinga
AMC Entertainment Holdings Inc (NYSE:AMC) shares are trading lower Wednesday after rallying to start the week. The company announced that it entered into agreements to issue stock in exchange for notes.
What Happened: In a new regulatory filing, AMC said it entered into privately negotiated exchange agreements on Tuesday to issue 23,280,295 shares of its Class A common stock in exchange for $163.85 million aggregate principal amount of its 10%/12% Cash/PIK Toggle Second Lien Subordinated Notes due 2026.
On Tuesday, AMC announced that it completed its previously disclosed at-the-market equity offering, which was ...