Shares of AMC Entertainment Holdings Inc. slumped 5.3% in premarket trading Friday, to extend their selloff in the wake of the movie theater operator’s...
Shares of AMC Entertainment Holdings Inc. AMC slumped 5.3% in premarket trading Friday, to extend their selloff in the wake of the movie theater operator’s announcement the previous session of another stock sale and proposed reverse stock split. Trading volume was 1.8 million shares, which already topping the full-day average of about 1.7 million shares. On Thursday, the “meme” stock had plummeted as much as 22.5% to an intraday low of $4.11 before bouncing to close down 7.4%.
3% in premarket trading Friday, to extend their selloff in the wake of the movie theater operator’s announcement the previous session of another stock sale and proposed reverse stock split. Trading volume was 1.8 million shares, which already topping the full-day average of about 1.7 million shares. On Thursday, the “meme” stock had plummeted as much as 22.5% to an intraday low of $4.11 before bouncing to close down 7.4%. Meanwhile, AMC’s preferred equity units, known as APEs APE , soared 42.
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AMC shares plunge after company announces reverse stock split, capital raiseAMC Entertainment raised $110 million of equity through the sale of APE units to existing debtholder Antara Capital, who will also exchange $100 million of debt for more APE units.
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AMC Shares Flop 22% To Lowest Level Since Before Meme Trading CrazeShares of movie theater giant AMC Entertainment plunged to a 23-month low Thursday following the company’s latest effort to raise capital.
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AMC Entertainment Shares Plunge Ahead Of Opening Bell After Company Reveals Plan For Reverse Stock Split, $110 Million Sale Of ‘APE’ Equity To Antara CapitalShares in top exhibitor AMC Entertainment fell 25% ahead of today’s market opening after the company said it plans to pursue a reverse stock split and has raised $110 million from the sale of…
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AMC stock plunges after $110 million capital raise, 1-for-10 reverse split proposalShares of AMC Entertainment Holdings Inc. plunged 20.6% toward 22-month lows, after the movie theater operator announced a $110 million equity capital raise...
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AMC Theatres Signals Possible End to APE Stock With Investor Vote ProposalStock in AMC Entertainment has plunged after the exhibition giant said it raised $110 million in fresh capital and proposed a reverse stock split that could spell the end of the AMC Preferred Equity (APE) units.
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