AMC Raises $250 Million Amid Return of Roaring Kitty

AMC Raises $250 Million Amid Return of Roaring Kitty

The post AMC Raises $250 Million Amid Return of Roaring Kitty appeared first on Coinpedia Fintech News

AMC Entertainment raised $250 million in new equity capital on Monday as the meme stock craze was reignited by the return of ‘Roaring Kitty,’ who had inspired the meme stock mania in 2021. His resurfacing online with a cryptic message sparked a buying frenzy among traders. On Monday, AMC sold 72.5 million shares in an at-the-market equity offering. As a result, AMC shares soared 97% in premarket trading on Tuesday following the sale.