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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.
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.
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.
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In 2014, Google’s stock was trading at $1,135.10 just before the split. After the split, the stock traded at $567.55. In July 2022, before the 20:1 split, GOOGL was trading at $2,255.34 at the ...
A judge on Friday blocked a proposed settlement on AMC Entertainment Holdings’ stock conversion plan that would allow the company to issue more shares, sending its common shares soaring and ...
Following a $110 million capital raise and reverse stock split proposal in December, its stocks plunged to a 52 week low, CNBC reported. In 2022, AMC stock was down nearly 82%.