News Summary

• That year, AMC launched its APE special dividend and in 2023 completed the conversion of the APEs into AMC common stock and a reverse 1-for-10 split of common stock..
• The stock is now on a four-day losing streak, its longest since a five-day streak that ended on Nov. 13, 2023.The movie-theater chain and onetime meme-stock darling had ended Wednesday’s session at a then-record low close of $5.58..
• The common stock issued had an implied value of $6.94 per share, according to AMC..
• “The company may engage in similar transactions in the future but is under no obligation to do so,” AMC said in the filing.The move is the latest in AMC’s attempts to tackle its debt burden, which reached more than $5 billion in 2022..
• AMC Entertainment Holdings Inc. hit another record low close Thursday, ending the session at $5.30 after falling 5%..
• In December, AMC also completed its latest at-the-market equity offering, raising approximately $350 million..