![]() AMC said it planned to test larger seats in certain markets instead.Ĭopyright 2023 KCTV. AMC began the pilot program in February in a handful of markets, but later reversed plans when other movie theater chains did not follow along with the plan. ![]() The stock offering comes after AMC ditched plans to charge more for seats with betting views. As we navigate the recovery phase of our industry, this infusion of capital provides us with flexibility to assist us in navigating the waters ahead and continue delivering the magic of movies to our guests. Raising more than $325 million in gross proceeds has bolstered our ability to survive and then thrive. The successful completion of this equity offering marks another significant milestone for AMC. Tickets for “The Ears Tour” are currently on sale. The company also expects huge interest in the upcoming “ Taylor Swift The Eras Tour” big screen experience that will hit theaters on Oct. AMC said it also addresses its current liquidity concerns.ĪMC said its future is looking up after the stock offering and a 39% surge in the box office industry during the third quarter over the same period in 2022. The sale boosts the company’s cash reserves. The Leawood-based company said it sold 40 million shares through the offering, at an average price of $8.14 per share. Our Carbon Monoxide Sensors market report offers a comprehensive and in-depth analysis of the current market trends to help companies identify new opportunities in this space. raised more than $325 million in new equity capitol through its recent public stock offering. (KCTV) - AMC Entertainment Holdings, Inc.
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