Bolstering liquidity and repaying, redeeming or refinancing the companys existing debt are additional priorities.
The terms $AMC and Adam Aron started trending on social media soon after the filing emerged.
#AMC is doomed to fail.
AMC Entetainment’s Empire 25 megaplex in New YorkLeonardo Munoz/VIEWpress via Getty Images
Others lamented the momentum-killing effect after a record-setting Thanksgiving period for AMC and other theater chains.
A new post Thursday by investor Keith Gill, aka Roaring Kitty, only added to the online upheaval.
Gills post boosted GameStop, AMC and others on Thursday.
Shares in AMC have fallen 21% in 2024 to date.
