Why AMC Shares Are Getting Crushed Tuesday
Why AMC Shares Are Getting Crushed Tuesday
Shares of movie theater leader $AMC Entertainment (AMC.US)$ are trading down Tuesday. Here's the reason why.
电影院领导者的股票 $AMC院线 (AMC.US)$ 周二交易价格下跌。原因如下。
What Happened: Shareholders of AMC Entertainment approved a vote for the conversion of $AMC Preferred Equity Unit (APE.US)$ into common shares.
发生了什么： AMC Entertainment的股东批准了转换的投票 $AMC Preferred Equity Unit (APE.US)$ 转化为普通股。
The company encouraged shareholders to approve the proposal to help secure the company's future.
该公司鼓励股东批准该提案，以帮助确保公司的未来。
AMC CEO Adam Aron stressed the importance of raising cash and reducing debt for the company's survival.
AMC 首席执行官 亚当·阿隆 强调了筹集现金和减少债务对公司生存的重要性。
A special shareholder meeting Tuesday saw the APE conversion proposal pass a vote, according to The Hollywood Reporter. There were 978 million votes in favor of the proposal, representing 88% of the vote.
据《好莱坞记者》报道，在周二的特别股东大会上，APE转换提案获得表决。该提案获得9.78亿张赞成票，占选票的88％。
Of the voted shares, 11.2% voted against the proposal. Another 1% of the votes abstained.
在投票的股票中，有11.2％的人投票反对该提案。另有 1% 的选票投了弃权票。
The shareholder meeting also had a proposal by AMC to change its share structure and conduct a reverse split of 10-for-1 shares pass.
在股东大会上，AMC还提议改变其股份结构，并以10比1的比例进行反向分割。
"I would like to commend our shareholders for the wisdom exhibited in your votes by approving this proposal, and doing so by a wide margin. This is a landslide victory that shows your determination to keep AMC a strong and innovative company and the leader of our industry," Aron said.
“我要赞扬我们的股东在投票中表现出的智慧，他们以很大的优势批准了该提案。这是一次压倒性的胜利，表明你决心让AMC成为一家强大而富有创新精神的公司，成为我们行业的领导者，” Aron说。
The conversion of the APE units was approved by the shareholder vote but could face a delay due to a court hearing in the month of April.
APE单位的转换已获得股东投票的批准，但由于4月份的法庭听证会，可能会面临延迟。
Why It's Important: The votes could help AMC raise additional capital to pay off debt and increase its cash going forward.
为什么它很重要： 这些投票可以帮助AMC筹集更多资金来偿还债务并增加未来的现金。
Opponents of the planned conversion have pointed to potential dilution to shareholders of common stock in AMC.
反对计划转换的人指出，AMC的普通股股东可能会被稀释。
AMC ended the first quarter with available liquidity of $842.7 million and debt of $4.95 billion.
AMC在第一季度末的可用流动性为8.427亿美元，债务为49.5亿美元。
In 2022, AMC sold 207.8 million APE units for proceeds of $228.8 million. In the first quarter, AMC sold an additional 6.6 million shares of APE units to raise $9.6 million.
2022年，AMC出售了2.078亿个APE单位，收益为2.288亿美元。在第一季度，AMC又出售了660万股APE单位，筹集了960万澳元。
AMC, APE Price Action: On Tuesday, shares of AMC are down 15% to $4.64; shares of the APE units are down 5.2% to $1.64.
AMC、APE 价格走势： 周二，AMC股价下跌15％，至4.64美元；APE单位的股价下跌5.2％，至1.64美元。