AMC stock

2022 - 12 - 22

AMC plunges after theater company announces capital raise ... (CNBC)

AMC Entertainment announced a capital raise to help pay down debt, and proposed a reverse stock split.

AMC itself had been on the brink of bankruptcy in 2021, but was able to avert it after millions of retail investors turned its shares into a meme stock. The company is requesting a special shareholder meeting to approve the reverse stock split, and convert APE units into AMC common shares. In a securities filing, AMC said discussions with Cineworld lenders regarding assets in the U.S. [APE](/quotes/APE/) units – a form of preferred shares referring to the "Apes" moniker adopted by meme stock investors – to Antara Capital LP at a weighted average price of 66 cents a share. This reduces its debt load by $100 million, the company said. The stock recovered from double-digit losses earlier in the day to finish down over 7% at $4.91 a share.

AMC to raise $110 million, proposes reverse stock split (Reuters)

AMC Entertainment Holdings said on Thursday it would raise $110 million in new equity capital through the sale of its preferred stock and proposed a reverse ...

At the end of September, AMC's liabilities were $11.79 billion, which included corporate borrowing of $5.2 billion. Register for free to Reuters and know the full story AMC in August announced APE as a special dividend for shareholders and a means to raise capital in the future. "They've taken on a lot of debt and it's the only way to survive," said Thomas Hayes, chairman and managing member of Great Hill Capital. The company said it is also looking to hold a meeting for APE and AMC shareholders to vote on converting APE units into AMC shares and propose a reverse-split of AMC shares at a 1:10 ratio. "Given the consistent trading discount that we are routinely seeing in the price of APE units compared to AMC common shares, we believe it is in the best interests of our shareholders for us to simplify our capital structure," Chief Executive Officer Adam Aron said.

AMC Stock Tumbles on Plans to Raise a Fresh $110 Million (Barron's)

AMC said it intends to raise new capital through the sale of AMC Preferred Equity Units to private investment firm Antara Capital.

8, the company had sold roughly 15 million APE units to raise nearly $37 million, an 8-K filing states. (ticker: AMC) in a press release Thursday said it intends to raise new capital through the sale of AMC Preferred Equity Units (APE) units to private investment firm Antara Capital. [AMC Entertainment Holdings](https://www.barrons.com/market-data/stocks/amc?mod=article_inline)‘ stock fell sharply after the movie theater company said it will raise $110 million and proposed a reverse stock split.

Stock Market Today: Dow Tumbles 600 Points After Wednesday's ... (The Wall Street Journal)

AMC Entertainment Holdings was halted for volatility several times early Thursday after a newly announced capital raise. The stock fell 14% in morning ...

AMC Entertainment Holdings was halted for volatility several times early Thursday after a newly announced capital raise.\n\nThe stock fell 14% in morning trading while the preferred equity "APE" units surged nearly 90%.

AMC stock plunges after $110 million capital raise, 1-for-10 reverse ... (MarketWatch)

Shares of AMC Entertainment Holdings Inc. plunged 20.6% toward 22-month lows, after the movie theater operator announced a $110 million equity capital raise ...

AMC Entertainment falls on proposed reverse stock split, APE ... (Markets Insider)

AMC Entertainment plunged 22% on Thursday after the struggling meme stock announced a capital raise. The company is seeking more than $100 million in ...

The company is hoping for If the proposal receives shareholder approval, the prices of the two different AMC stocks should converge in price, representing significant upside for APE. If the split passes, AMC's stock price would trade at about $41. The move is expected to reduce AMC's annual interest expense by $10 million. AMC's common shares sank 22%. - AMC proposed a 1-for-10 reverse stock split and the conversion of all APE units into AMC common shares.

AMC stock sinks after reverse stock split proposal (Yahoo Finance)

AMC (AMC) shares sank as much as 17% minutes after the markets opened on Thursday, after the country's biggest cinema operator proposed a reverse stock ...

AMC Entertainment Sinks on Plan to Convert Preferred Shares (Bloomberg)

The changes would stop investors from pushing AMC toward “penny stock” territory, Adam Aron, chief executive officer of the world's largest movie theater chain, ...

The preferred equity units [debuted](https://www.bloomberg.com/news/articles/2022-08-22/amc-preferred-stock-starts-trading-in-middle-of-meme-volatility-l74uxajg) in August and were quickly caught up in volatility linked to retail trading of so-called meme stocks. [said](/news/terminal/RNAPVMDWX2PS) Thursday. [AMC Entertainment Inc.](/quote/558319Q:US) sank after proposing to convert preferred equity units into common shares along with a 10-to-1 reverse stock split.

AMC Stock Submerged in Dark Pools: Why This Could Be A Problem (TheStreet)

AMC stock is heavily traded in the dark pools, a practice that deeply bothers many retail investors. Here is why their concerns are justified.

[COSM](https://www.thestreet.com/quote/COSM)) - [Get Free Report](https://secure2.thestreet.com/cap/prm.do?OID=033365&ticker=COSM) had nearly [69%](https://chartexchange.com/symbol/nasdaq-cosm/exchange-volume/) of volume trade take place in dark pools on Wednesday. The author may be long one or more stocks mentioned in this report. Also, the article may contain affiliate links. Today, we are happy to invite guest author Frank Nez to provide his take on the important and controversial issue of dark pool trading. Thanks for supporting the Wall Street Memes) [here](https://twitter.com/dlauer/status/1603826335973269505) or read the key highlights of the interview [here](https://franknez.com/chairman-gensler-says-he-understands-retails-frustrations/). [Chairman told ‘We The Investors’](https://franknez.com/chairman-gensler-says-he-understands-retails-frustrations/) that he does not agree that sending 60%-80% of certain stock to the dark markets is either the best way for FINRA to act on price discovery or that he would consider it to be the ‘best execution’. Meta Materials ( [MMAT](https://www.thestreet.com/quote/MMAT)) hit [54%](https://chartexchange.com/symbol/nasdaq-mmat/exchange-volume/), and GameStop ( [GME](https://www.thestreet.com/quote/GME)) - [Get Free Report](https://secure2.thestreet.com/cap/prm.do?OID=033365&ticker=GME) had almost [36%](https://chartexchange.com/symbol/nyse-gme/exchange-volume/) of volume trade outside the lit exchange. This means the self-regulatory organization has the power to execute orders in off-exchange and dark markets for ‘best execution’ and ‘price discovery’. [90%-95% of retail orders ](https://franknez.com/breaking-95-of-retail-orders-dont-go-through-lit-exchange/)are not processed in the lit exchange, but rather in dark exchanges. Here's the latest in AMC stock and the retail community. [AMC](https://www.thestreet.com/quote/AMC)) - [Get Free Report](https://secure2.thestreet.com/cap/prm.do?OID=033365&ticker=AMC) owners have been battling a ravaging wave, one that's unseen but felt by millions of retail investors all around the world.

Cinema chain AMC tumbles on plan to rework shares (Financial Times)

Hedge fund Antara Capital to buy $110mn of new preferred units from group that was a symbol of meme-stock boom.

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