AMC Entertainment raised $250 million as "new equity capital" after it put up for sale its 72.5 million shares on Monday. A huge chunk of the credit goes to the revival of the meme stock trade.
The equity offering of the company was launched initially on March 28, and when the meme trade roared back to life on Monday, it ushered in some great news for the struggling theater chain, which eventually led to completion of the equity offering.
