AMC Entertainment, facing financial struggles, announced a plan to sell up to $250 million in common stock. The news led to a significant drop in AMC's stock price, with shares falling by over 14% in premarket trading. The company's decision to sell stock was driven by the need to boost liquidity amidst a challenging box office environment. The stock sale announcement caused AMC's shares to plummet, with the company's stock price hitting a new low. Investors expressed concerns over the dilution of equity value as AMC's stock price continued to decline significantly.