An AMC lawsuit settlement brought the company a step closer to its plan to convert APE to common stock and potentially raise more capital.
An AMC Theatre on March 29, 2023 in New York City. AMC Entertainment shares jumped as much as 13%, following a report that Amazon was looking to buy the theater chain.' shares fell 19% on Tuesday and preferred shares rose 14% after a lawsuit settlement brought the company a step closer to its plan to convert APE to common stock and potentially raise more capital.
with some shareholders who had claimed that the creation of APE was an attempt to circumvent their will and could dilute their stake.have lost more than 70% since they were issued in August as part of a plan to pay down the company's debt. AMC in 2021 raised $1.8 billion by issuing common shares to capitalize on the meme stock frenzy.
Meanwhile, AMC common shares' market capitalization stood at $2.65 billion and APE at $1.39 billion as of Monday's close, giving the company a combined market value of $4 billion.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
AMC’s APE-conversion settlement could lead to ‘potentially massive’ $16 billion equity raise, says analystThe stock conversion is part of AMC’s ongoing battle to eliminate debt.
Consulte Mais informação »
AMC stock plunges 22% after company agrees to settlement terms, opening up for APE conversionAMC Entertainment Holdings Inc. stock dropped more than 22% in the extended session Monday after the movie-theater operator said in a filing that it has...
Consulte Mais informação »
AMC stock plunges 25% after company agrees to settlement terms, opening up for APE conversionAMC Entertainment Holdings Inc. stock dropped more than 25% in the extended session Monday after the movie-theater operator said in a filing that it has...
Consulte Mais informação »
AMC Entertainment Settles Shareholder LawsuitAMC Entertainment has taken a big step forward in on a few key fronts, announcing a settlement in a shareholder lawsuit that would allow it to issues stock, raise capital, eliminate its APE units and go ahead with a ten-for-one reverse stock split
Consulte Mais informação »
AMC Theatres Settles Shareholder Lawsuit Over Reverse Stock Split PlansThe settlement payment is potentially valued at over $100 million, based on recent share prices for the mega-exhibitor, according to law firms representing stockholders.
Consulte Mais informação »