AMC completes large stock offering despite blunt investor warning
New York (AFP) - A day after its share price almost doubled, AMC Entertainment on Thursday successfully completed a large new equity offering despite warning prospective shareholders that they could potentially lose their entire investment. The movie theater chain, one of the "meme stocks" in the so-called "Reddit Revolution" that has roiled Wall Street in 2021, said it completed a stock sale of 11.55 million shares, raising $587.4 million. The successful fundraising run boosts AMC's balance sheet, Chief Executive Adam Aron said in a press release, "providing valuable flexibility to respond to...