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Retail Traders in India, South Korea Join Meme Craze for AMC

Bloomberg

AMC Looks to Issue 25 Million More Shares After 2,300% Rally

(Bloomberg) — AMC Entertainment Holdings Inc. is asking investors to authorize an additional 25 million new shares, aiming to capitalize on a rally that has sent the stock of the ailing movie-theater chain up about 2,300% this year.The proposal announced Thursday in a filing will be put to a vote at the company’s July 29 annual meeting. The equity today would be valued at $1.3 billion, though the company promised not to issue the new shares in 2021.“To successfully navigate the road ahead, we s

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