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IPFS News Link • Stock Market

AMC Files ATM Offering, One Day After Roaring Kitty Sparks Meme Stock Frenzy

• Zero Hedge

Not even a day after "meme stock" influencer Keith Gill, also known as Roaring Kitty, posted a cryptic image of a 2006 Time magazine cover on X...

... which sent meme stocks GameStop and AMC Entertainment soaring as the Reddit Army panic bought...

Top AMC executives and their investment bank wasted zero time as liquidity reentered the meme world and filed to sell up to 50 million Class A shares in "at-the-market offerings" as defined in Rule 415 under the Securities Act of 1933. The filing said Goldman Sachs is the sales agent on the ATM.