documents filed with the Securities and Exchange Commission. “Given our scale, experience and commitment to innovation and excellence, AMC is being presented with highly attractive theatre acquisition opportunities,” AMC Entertainment CEO Adam Aron said in a statement. “We are in discussions, for example, with multiple landlords of superb theatres formerly operated by ArcLight Cinemas and Pacific Theatres.”Last December, AMC Theatres raised $100 million from Mudrick in a debt offering for needed capital while most of its theaters remained shuttered due to the pandemic.
AMC’s stock price has surged in recent months, though, fueled by Reddit-fueled investors who have pushed the share price from just over $2 at the end of 2020 to nearly $34.
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