AMC Entertainment Holdings, Inc. (NYSE: AMC) has disclosed the investment capital details which has excited the stocks of the entertainment company. It revealed that it has added $917 million of debt and equity capital since 14 Dec 2020. This fresh investment capital is the ray of hope for the company during the dark period which it has been facing because of the novel coronavirus.

Out of $917 million, the firm has increased $506 million of equity from the issuance of 164.7 million new common shares. Furthermore, it has secured $100 million of additional first-lien debt and the simultaneous issuance of 22 million new common shares to convert $100 million of second-lien debt into equity.

Additionally, the company has raised the remaining $411 million by finalizing the commitments letters. AMC Entertainment Holdings, Inc. has made several assumptions such as the potential level of attendance, etc. One of which assumption it has made is that the Organization forecasts that its financial horizon has been expanded well in 2021. It has also forecasted that its business will continue to prosper in 2021.

Shares of AMC Entertainment Holdings, Inc. (AMC) skyrocketed 38.92% with a heavy volume of 25.64 million during the pre-market trading session of Monday. If we look at the 52-weeks of the company, its stock has recorded the change of $1.91 from its 52-weeks low and $7.78 from its 52-weeks high. Looking at its liquidity, it has a current ratio of 0.40. This company’s market capitalization has remained high, sitting at $478.80 million.

As more and more people are not getting the vaccine but still the future cash needs of the company remain uncertain because no one knows what will happen in the future because of the new strains of coronavirus. AMC has raised $1 billion of cash between April and Nov 2020, and it would be great news for the firm. CEO of AMC has rubbed off the false claims of bankruptcy which is also great news for the investors.