AMC Entertainment Holdings said after trading on Thursday that it would ask shareholders to authorize it to issue up to 25 million more shares, just after the company announced that it had raised $587 million in a 11.55 million rights issue and had issued 8.5 million shares to Mudrick Capital, a hedge fund, earlier this week.

Adam Allen (Adam Aron), CEO of AMC, said in a statement: "in order to successfully guide the way forward, we seek to integrate all financial instruments that may help us. An important tool for any company is to have shares available for issuance when there are the right value creation opportunities. "

In April, AMC cancelled its controversial plan to issue 500m new shares and instead sought to raise money through smaller issues.

When the company announced an additional 11.55 million shares in pre-market trading on Thursday, it also "thoughtfully" warned investors that buying our shares could lose all their money.

"the market price and trading volume of our Class A common shares have recently experienced and are likely to continue to experience extreme fluctuations, which could result in significant losses for our buyers of Class A common shares," the company said. "