Company announced earlier it could run out of money by end of year
CNN Newsource
Concessions workers stock the bins with popcorn and other treats as the theatre opens for some of the first showings at the AMC theatre when it re-opened for the first time since shutting down at the start of the COVID-19 pandemic, Thursday, Aug. 20, 2020, in West Homestead, Pa. (AP Photo/Keith Srakocic) (Keith Srakocic, Copyright 2020 The Associated Press. All rights reserved)
The world’s largest theater chain warns that it may have to file bankruptcy soon.
ACM Theaters disclosed in a filing Tuesday with the Securities and Exchange Commission that it has a deal for additional sources of liquidity.
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That deal is with CitiGroup Global Markets and Goldman Sachs to sell 15 million shares.
