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AMC.US
id: 311, Created by Stan Vick Chase, Scout

AMC Entertainment Holdings Inc

On September 26, 2022, AMC Entertainment Holdings Inc. disclosed that going to sell up to 425.0 million APEs. Investors were disappointed that now AMC is planning to issue more preferred equity units because those equity units could eventually be converted to common shares, and that would create massive dilution to existing common shareholders.

AMC said it plans to use the proceeds "to repay, refinance, redeem or repurchase" existing debt.

On this news, AMC's stock slumped 14.5% and the Company lost more than $0.5 billion of its capitalization, seriously damaging investors.

Despite the reasonable desire of the Company to solve its debt problems, there are reasons to believe that its actions at the moment do not correspond to the best interests of shareholders.
Alleged Offence
Failure to Disclose
Price manipulation
Breach of Fiduciary duty
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
26 September 2022
Collecting participants…
Created by Stan Vick Chase, Scout

AMC Entertainment Holdings Inc

AMC Entertainment Holdings, Inc., through its subsidiaries, engages in the theatrical exhibition business. The company owns, operates, or has interests in theatres in the United States and Europe. ...

    Ticker
    AMC.US
    ISIN
    US00165C1045
    CIK
    1411579
    Sector
    Communication Services
    Industry
    Entertainment
    Country
    USA
    Address
    One AMC Way, Leawood, KS, United States, 66211