AMC Looks to Issue 25 Million More Shares

AMC is capitalizing on a stock rally by planning to issue 25 million new shares, valued at $1.3 billion, to be voted on by shareholders. The CEO, Adam Aron, aims to use the proceeds to reduce debt and negotiate with landlords. Despite previous plans to issue 500 million shares being scrapped, bearish signals are emerging as AMC's stock price drops. Retail traders in Asia, particularly in India and South Korea, show significant interest in AMC stocks, with AMC becoming one of the most traded stocks on certain platforms.

What was the previous plan regarding the issuance of new shares before the current proposal?

What is the significance of retail traders in Asia regarding AMC shares?