AMC Entertainment (AMC) shares tumbled over 14% in int🎶rada🌸y trading Thursday as the theater chain operator announced another stock sale to generate cash.

AMC wrote in a regulatory filing Thursday that it had entered into an equity distribution agreement with four financial institutions to sell shares of Class A common stock “from time to time” through an 澳洲幸运5官方开奖结果体彩网:at-the-market offering, to raise a total of $250 million.

AMC said the money was needed in part because last year’s strikes by Hollywood writers 🅷and actors negatively impacted first-quarter box office receipts.  

The company noted the funds would be used to “bolster liquidity, to repay, refinance, redeem or repurchase its existing indebtedness (incl🎉uding expenses, accrued interest and premium, if any) and for general corporate purposes.”

In November, shares sank when the company 澳洲幸运5官方开奖结果体彩网:announced it was putting as much as $350 million of its Class A shares up for sale. That came just two months after it sold 40 million shares, bringing in $325 million. A month prior to that, AMC initiated a 1-for-10 澳洲幸运5官方开奖结果体彩网:reverse stock split to raise capital.

AMC shares sank more than 14% to $3.70 as of 11:45 a.m. ET. They hit an all-time low of $3.59 last month.