AMC Entertainment Holdings Inc.

AMC Entertainment (NYSE:AMC) Holdings Inc. experienced a 7.5% drop in pre-open trading on Friday following the announcement of its intention to offer 50 million shares. The company, renowned for its chain of movie theaters, revealed an agreement with Goldman Sachs & Co (NYSE:GS), which will act in dual roles. Goldman Sachs will serve as both a sales agent and a forward seller linked to the hedging transactions.

The sales and registration agreement between AMC and Goldman Sachs & Co. LLC, along with Goldman Sachs International as the forward counterparty, was established on December 6, 2024. This agreement pertains to AMC's Class A common stock, holding a par value of $0.01 per share, which may be issued and sold at the company's discretion.

The agreement permits AMC to utilize Goldman Sachs as a sales agent to issue and sell shares in accordance with the prospectus supplement, forming part of the sales and registration agreement. Goldman Sachs has the option to sell the stock on behalf of AMC or purchase shares directly for its own account.

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