AMC $250M Dilution Aftermath - Is Reverse Split Coming? What will Price Drop To? How I Traded It

AMC $250M Dilution Aftermath - Is Reverse Split Coming? What will Price Drop To? How I Traded It. On March 28, 2024, AMC Entertainment Holdings (NYSE:AMC) entered into an equity distribution agreement (the “Equity Distribution Agreement”) with Citigroup Global Markets Inc., Barclays Capital Inc., B. Riley Securities, Inc. and Goldman Sachs & Co. LLC as sales agents to sell shares of Class A common stock from time to time, having an aggregate offering price of $250,000,000, through an “at-the-market” offering program. Will there be a reverse split on AMC stock in 2024? When will the dilution be done and what is likely to happen to the price over the next few weeks? These topics covered in today's video. These are Tony's opinions - not finanical advice.
#TonyDenaro #AMC #Dilution

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DISCLAIMER: Content, strategies and opinions on this channel are for entertainment purposes only. These are Tony's opinions, not specific investment or legal advice for you. Always do your own due diligence, read company filings and financial statements and seek a duly licensed professional for investment, tax or legal advice. Past performance is not a predictor of future results. This is not personalized but rather general educational and informational material.