Jun. 1—The movie theater chain AMC is raising
Theaters and other beleaguered industries like restaurants and concert venues are anticipating the return of crowds over the next few months with the massive
“With our increased liquidity, an increasingly vaccinated population and the imminent release of blockbuster new movie titles, it is time for AMC to go on the offense again,” said AMC CEO
But AMC is part of a
Smaller investors have instigated a “short squeeze” against those funds, pouring money into shares of those companies until larger funds are forced to sell off shares to cover money borrowed to buy them.
AMC said Tuesday that the company will use proceeds from its share sale to invest in new leases and on improvements in existing theaters.
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