Carmike Cinemas Announces 4.5M Share Offering

Carmike Cinemas, Inc. CKEC today announced it has commenced an underwritten public offering of 4,500,000 shares of its common stock. In addition, Carmike expects to grant the underwriters a 30-day option to purchase up to an additional 675,000 shares of common stock, on the same terms and conditions, to cover over-allotments, if any. Carmike plans to use the net proceeds from this offering for potential acquisitions, working capital, capital expenditures or other general corporate purposes. Macquarie Capital is acting as the sole bookrunning manager for the offering. B. Riley & Co., Wedbush Securities, Barrington Research, Maxim Group LLC and Ascendiant Capital Markets, LLC are acting as co-managers. See full press release