AMC said its ability to stay in business is in jeopardy if it can’t raise enough cash to fund operations during the prolonged closure of its theaters due to the pandemic
AMC Entertainment Holdings Inc. said its ability to stay in business is in jeopardy if it can’t raise enough cash to fund operations during the prolonged closure of its theaters due to the coronavirus pandemic.
AMC said in a regulatory filing on Wednesday that its cash balance as of April 30 was $718.3 million, enough to fund its expected resumption of operations in the summer or later. But it warned its liquidity would depend on when its operations can fully resume, as well as the timing of movie releases and its ability...
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