AMC theaters have warned that they are running out of cash in January 2021. The theater chain is looking to combat that as it has registered up t0 50 million additional shares for sale to raise up to $124.75 million to make it through the coronavirus pandemic.
In a Wednesday regulatory filing, the company said it could sell the shares of Class A common stock “from time to time” in addition to 200 million shares previously registered. AMC Theatres said in its filing,
“We intend to use the net proceeds from the sale of the Class A common stock offered by this prospectus for general corporate purposes, which may include the repayment, refinancing, redemption or repurchase of existing indebtedness or capital stock, working capital, capital expenditures and other investments,”
