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Added on the 13/12/2020 19:01:30 - Copyright : Wochit
An SEC filing reveals AMC aims to raise up to $844 million through the sale of 200 million shares to meet cash needs. Business Insider reports that AMC has burned through the bulk of its cash reserves as virus restrictions and a lack of major releases cut into business. In October AMC warned it could run out of money by the end of the year. The upcoming stock sale will likely raise far less than the $844 million target. On Thursday, AMC stock plummeted 16%.
Gizmodo reports ailing theater chain AMC might be totally broke by the end of 2020. In financial filings, the company disclosed on Tuesday that it may require 'additional sources of liquidity or increases in attendance levels' to survive. In other words, it'll need more cash or more butts on seats--or both. The company cites low attendance and a delayed movie release schedule during the coronavirus pandemic. If those don’t change, AMC may pursue additional debt and equity financing, renegotiations with landlords, asset sales, or joint ventures. They're not alone. Competitor Regal Cinemas has also disclosed it will need fresh funds by early 2021 if the winter results in 'prolonged' shutdowns.
Une adolescente souffrant de stress post-traumatique se retrouve traquée dans les bois par un sociopathe.
The Aston Martin Aramco Formula One Team is proud to debut its new challenger for the 2024 season – the AMR24. On a significant day for Aston Martin, the new Vantage road car and Aston Martin Vantage GT3 join the AMR24 marking a trilogy of reveals.In its iconic racing green livery, complete with Aramco title partner branding, the AMR24 represents a strong and exciting evolution from its predecessor which catapulted the team to eight podiums and 280 points in 2023. The AMR24 evolves the same design philosophy but there is minor carryover with the majority of the parts being new for 2024. The continuous refinement of the AMR24 has resulted in a lighter, more aerodynamically efficient race car, designed to operate across a wider range of circuits.
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