AMC stock more than doubles amid meme craze as company completes $250 million share sale

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AMC Entertainment Berita

Gamestop

AMC completed a $250 million stock sale amid renewed interest in shares during Monday's trading session.

The struggling theater chain raised $250 million of "new equity capital" through the sale of 72.5 million shares on Monday,The completion of the equity offering, which was initially launched on March 28, came as the meme trade roared back into action on Monday. After the, also known as "Roaring Kitty," whose bull case on GameStop ignited the meme stock rally back in 2021, sent shares of GameStop appeared first on The Motley Fool Canada.

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