Tag: AMC reverse stock split

Stocks of movie theater chain AMC Entertainment Holdings Inc. crashed more than 35% on Monday after a Delaware court approved the conversion of AMC preferred shares (APE) into common shares. AMC previously saw its plan for conversion of APE halted by a Delaware judge Morgan...

The common stock of AMC Entertainment Holdings had a rough after-hours trading session on Monday, losing 26% of its value. The dive came after the company announced a settlement that will allow it to go ahead with converting its preferred shares, listed under ticker...

AMC Entertainment Holdings shareholders cast a favorable vote on Tuesday to convert the company’s preferred APE shares into common shares and execute a one-for-ten reverse share split. As a result, AMC’s stock lost 15 percent of its value by the end of the day. AMC...