An SEC filing reveals AMC aims to raise up to $844 million through the sale of 200 million shares to meet cash needs.<br />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.<br />In October AMC warned it could run out of money by the end of the year.<br />The upcoming stock sale will likely raise far less than the $844 million target. On Thursday, AMC stock plummeted 16%.
