Shelf Registrations: Carmike Cinemas Offerings Total $175 Mil
June 9, 2010 (FinancialWire) — Carmike Cinemas, Inc. (NASDAQ: CKEC) said that it has filed a universal shelf registration statement with the Securities and Exchange Commission to sell, from time to time, up to $175 million of its common stock, debt securities, depositary shares, preferred stock and/or warrants, either individually or in units, in one or more offerings.
The company said that the shelf registration statement is intended to provide it with flexibility to access additional capital when market conditions are appropriate.
Carmike said it does not currently have any commitments to sell securities. Georgia-based Carmike Cinemas is a U.S. motion picture exhibitor engaged in digital cinema and 3-D cinema deployments.
As of March 31, Carmike had 242 theatres with 2,268 screens in 35 states. Carmike’s digital cinema footprint reached 2,131 screens, including 193 theatres with 507 screens that are also equipped for 3-D.
Carmike’s focus for its theatre locations is small to mid-sized communities with populations of fewer than 100,000.
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