AMC stock plunges after $110 million capital raise, 1-for-10 reverse split proposal

AMC stock plunges after $110 million capital raise, 1-for-10 reverse split proposal

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Shares of AMC Entertainment Holdings Inc. AMC, plunged 20.6% toward 22-month lows, after the movie theater operator announced a $110 million equity capital raise and said it was seeking a 1-for-10 reverse split of its common stock. The company’s board of directors was looking to hold a special…

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