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AMC Entertainment (AMC) Amends Debt Terms, Expands ATM Offering Capacity, and Sells Majority Hycroft Stake

AMC Entertainment Holdings, Inc. (NYSE:AMC) is one of the best NYSE stocks under $5 to buy. On December 22, AMC Entertainment Holdings, Inc. (NYSE:AMC), along with its subsidiary Muvico, LLC, entered into an agreement with holders of Muvico’s Senior Secured Exchangeable Notes due 2030 to amend the notes’ indenture. The goal is to adjust terms for greater financial flexibility. The amendment revises the exchange rate for converting notes into AMC common stock. The changes permit AMC to carry out one or more at-the-market (ATM) offerings of its common stock for cash, capped at $150 million in total net proceeds. The initial limit was $100 million.

On the same day, AMC Entertainment reported its strongest pre-Christmas weekend since 2021, with over 4 million moviegoers across AMC Theatres in the U.S. and ODEON Cinemas in Europe between December 18–21. The surge was driven by the debut of Avatar: Fire & Ash, which opened to $88 million domestically and $345 million worldwide, alongside four other films that each topped $14 million. The North American box office for the weekend reached about $163 million.

On December 5, AMC Entertainment announced it had sold most of its equity stake in Hycroft Mining (NASDAQ:HYMC) to Sprott Mining, owned by investor Eric Sprott, for about $24.1 million. The deal included 2.34 million Hycroft shares, warrants for 1.34 million shares, and rights to roughly 12,000 future-vesting shares. AMC kept more than 1 million warrants at $10.68 per share and about 64,000 shares, preserving exposure to Hycroft’s future upside.

CEO Adam Aron said the move monetizes much of AMC’s 2022 investment while freeing capital for its core theater business, noting CFO Sean Goodman will remain on Hycroft’s board. Aron added that with strong holiday box office results and a promising film slate ahead, AMC is well-positioned to build on its momentum.

AMC Entertainment Holdings, Inc. (NYSE:AMC) is a movie theater chain operator. It owns and operates hundreds of cinemas across the US and internationally, offering film exhibition, food and beverage services, and premium formats such as IMAX and Dolby Cinema.

While we acknowledge the potential of AMC Entertainment Holdings, Inc. (NYSE:AMC) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMC and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 11 Best Healthcare AI Stocks to Buy Now and 11 Best Hydrogen Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

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In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

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