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AMC's (AMC) stock sank 7% on Thursday after the country's biggest cinema operator proposed a reverse stock split and a conversion of its preferred equity units into common shares.
Additionally, a 1-to-10 reverse stock split is scheduled for August 24, according to an SEC filing, meaning every 10 shares held by an investor will now become one share but at a higher value.
AMC also executed a 10-for-1 reverse stock split at the time. AMC CEO Adam Aron previously said the stock conversion was crucial to AMC having proper cash balances in 2024 and 2025.
The Walking Dead: Dead City. Horror drama. June 18, 2023. 1 season, 6 episodes. 39–50 min. Season 2 due to premiere in 2025 [5] [6] The Walking Dead: Daryl Dixon. Horror drama. September 10, 2023.
AMC Entertainment Holdings, Inc (NYSE: AMC) is trading up Thursday, reversing its Wednesday losses. The stock is up over 7%. The American movie theater chain got a boost from Imax Corp’s (NYSE ...
AMC Entertainment has taken a big step forward on a few key fronts, announcing a settlement in a shareholder lawsuit that would allow it to issue stock, raise capital, convert its APE units and go ...
Shares underwent a 10 for 1 reverse split in August prior to the conversion. AMC, also known as an original flagship meme stock, has played into vocal support from retail investors since 2021.
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