AMC Considers Selling More Stock Amid Reddit-Fueled Rally
- Company previously raised enough to stave off bankruptcy
- Theater chain benefited from runup of heavily shorted stocks
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AMC Entertainment Holdings Inc. is considering raising money by selling more stock, capitalizing on the unprecedented runup in its shares this week, according to people familiar with the matter.
A stock sale would follow AMC announcing $917 million in fresh financing Monday, which helped it stave off the threat of bankruptcy. On Wednesday, it said it completed a previously announced at-the-market equity program, raising $305 million.