AMC plunges after theater company announces capital raise
AMC Movie theatreScott Mlyn | CNBCAMC Entertainment's stock fell swiftly Thursday after the company announced a new $110 million capital raise and a proposed reverse stock split that will require shareholder approval.The shares were halted briefly after the opening bell as AMC hit a new 52-week low. The stock was down nearly 15% in midmorning trading. related investing newsThe company said it plans to raise the new equity through a sale of its APE units – a form of preferred shares referring to the "Apes" moniker adopted…