AMC Entertainment successfully raised approximately $250 million in fresh equity capital, concluding the transaction on Monday amidst a renewed surge in its stock fueled by the resurgence of "Roaring Kitty."

The cinema giant executed a sale of 72.5 million shares through an at-the-market equity offering initiated on March 28. According to the filing, AMC sold the shares at an average price of $3.45 per share before accounting for commissions and expenses.

Following the latest developments related to the deal, AMC shares surged by an additional 32% on Tuesday. The stock experienced a rapid doubling in value at one point during the trading session, prompting trading to be halted due to extreme volatility.

Shares of the company opened at $3.52 on Monday, marking a roughly 21% increase from Friday's closing price. This significant uptick encouraged AMC to finalize its equity offering at these elevated levels. Amidst Monday's frenzied trading activity, AMC saw its stock more than double, reaching an intraday high of $5.88, before ultimately closing the session up over 78% at $5.19.


The return of "Roaring Kitty," credited with igniting the meme stock frenzy in 2021, sparked a buying frenzy among retail traders after a mysterious image surfaced online depicting a figure leaning forward in a chair. This enthusiasm spilled over into other meme stocks, with shares of GameStop surging by 74% on Monday and experiencing significant trading volume.

GameStop saw another substantial increase of 60% on Tuesday.

The equity offering of AMC was managed by prominent financial institutions including Citigroup, Barclays, B. Riley Securities, and Goldman Sachs.