What's Going On With AMC Entertainment Stock?

AMC Entertainment Holdings Inc AMC shares are trending Wednesday. Here's a look at what you need to know.

What To Know: In a new regulatory filing, AMC said it entered into a privately negotiated exchange agreement in which the company will issue an aggregate of 3,348,723 shares of its common stock in exchange for $25 million aggregate principal amount of its 10%/12% Cash/PIK Toggle Second Lien Subordinated Notes due 2026.

AMC said the stock issued had an implied value of $7.47 per share. The company noted that it may engage in similar transactions in the future. 

Wednesday morning, AMC also announced new AMC-branded premium gourmet chocolate candies including chocolate covered pretzels, almonds, raisins and peanuts. The products will be sold at AMC concession stands under the brand name "AMC Cinema Sweets."

"We spent the last year in research and development ensuring that AMC Cinema Sweets, carrying the AMC name, are candies we are proud of, and just as important – really delicious snacks that our guests will enjoy and seek out when they come to the movies," said Hank Green, vice president of food & beverage at AMC.

"The launch of AMC Cinema Sweets – these four premium gourmet candies, with more on the way – are another way that AMC consistently makes movies better — and makes the movie-going experience even sweeter."

The new candy varieties will be available at all AMC theater locations across the U.S. this week. The company noted that it plans to roll out additional varieties in 2024.

See Also: Global Box Office 2024 To Decline 5% In 2023: Bad News For AMC, Cinemark?

AMC Price Action: AMC shares were down 0.6% at $6.70 at the time of publication, according to Benzinga Pro.

Photo: Paul Sableman from Flickr.