On Monday morning, AMC stock (AMC) jumped by around 20% following a court decision that rejected AMC's attempt to convert AMC preferred equity shares.
Opening weekend for "Barbie" and "Oppenheimer" brought more than 7.8 million moviegoers to AMC-operated theaters, according to the company
“Part of what swayed the judge was the nearly 3,000 individuals who sent in letters to sway the opinion, presumably out of concern for further share dilution,”
AMC must be in a position to raise equity capital. I repeat, to protect AMC’s shareholder value over the long term