By Will Feuer
AMC Entertainment filed a prospectus to offer up to $350 million of stock, pressuring shares in premarket trading.
The movie-theater operator said it might sell shares in at-the-market offerings, or in block trades.
AMC cautioned that its stock has been volatile.
“The extreme fluctuations in the market price and trading volume of our Class A common stock in recent years have been accompanied by reports of strong and atypical retail investor interest, including on social media and online forums,” the company said in the prospectus. “Under the circumstances, we caution you against investing in our Class A common stock, unless you are prepared to incur the risk of losing all or a substantial portion of your investment.”
Shares fell 18% to $8.25 in premarket trading.
Write to Will Feuer at [email protected]
(END) Dow Jones Newswires
November 09, 2023 09:11 ET (14:11 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
