AMC cinema line temporarily suspended trading due to volatility, down 18% before suspension.
AMC cinema rose more than 20% before u.s. stock trading on Thursday, but it was reported that the company had submitted a document to SEC that it would sell up to 11.55 million shares in the market, and then its share price plunged and fell.
AMC Cinema announced that it had signed equity allocation agreements with B.riley Securities and Citigroup to sell up to 11.55 million shares on the floor. Net income is used for general corporate purposes and may include repayment, refinancing, redemption or repurchase of existing debt, acquisition of theater assets, working capital or capital expenditure and other investments.