#amc Tech News.
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AMC Entertainment closed at $2.29, up 9.86%, after completing a $150 million at-the-market equity offering. The stock rose despite typical dilution fears, with trading volume reaching 58.4 million shares, 85% above its three-month average. The raise adds financial flexibility against $3.9 billion in long-term debt.
AMC built the Eagle, a family car on stilts with four-wheel drive that preceded the modern crossover. Renault bought AMC in 1979, but after CEO Georges Besse was murdered in 1986, the firm was sold to Chrysler in 1987. Amphicar's Model 770 was a watertight boat-car hybrid; production ended in 1967 after about 4000 units.
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