Posted by - News Worthy -
on - December 23, 2022 -
Filed in - Impacts -
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AMC's equity is getting torched this morning in the pre-market session after the company revealed a $110 million equity capital raise and a $100 million debt for equity exchange and a proposed vote to convert the company's "APE" preferred shares into common shares - before undertaking a reverse split.
The market seemed...unamused at the announcement. AMC common shares were down as much as 25% in the premarket session.
AMC's equity is getting torched this morning in the pre-market session after the company revealed a $110 million equity capital raise and a $100 million debt for equity exchange and a proposed vote to convert the company's "APE" preferred shares into common shares - before undertaking a reverse split.
The market seemed...unamused at the announcement. AMC common shares were down as much as 25% in the premarket session.