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.
電影院領導人的股票 $AMC院線 (AMC.US)$ 星期二交易下跌。這就是原因。
What Happened: Shareholders of AMC Entertainment approved a vote for the conversion of $AMC Preferred Equity Unit (APE.US)$ into common shares.
發生了什麼事： AMC 娛樂股東批准了對轉換的投票 $AMC Preferred Equity Unit (APE.US)$ 成普通股。
The company encouraged shareholders to approve the proposal to help secure the company's future.
該公司鼓勵股東批准該提案，以幫助確保公司的未來。
AMC CEO Adam Aron stressed the importance of raising cash and reducing debt for the company's survival.
AMC 首席執行官 亚当·阿隆 強調籌集現金和減少債務為公司的生存的重要性。
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.
據好萊塢記者報導，週二舉行的一次特別股東大會看到 APE 轉換提案通過了投票。有 978 億票贊成該提案，代表 88% 的票數。
Of the voted shares, 11.2% voted against the proposal. Another 1% of the votes abstained.
在投票股份中，11.2% 投票反對該提案。另外 1% 的投票被棄權。
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.
股東大會還提出了 AMC 的建議，要求改變其股份結構並進行 10 對 1 股份通行證的反向拆分。
"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.
「我想通過批准這項建議來讚揚我們的股東，以便在您的投票中表現出來的智慧，並且這樣做很大。這是一場山體滑坡勝利，顯示了您決心使 AMC 成為一家強大而創新的公司，並成為我們行業的領導者。」
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 單位的轉換已獲股東投票批准，但由於 4 月份的法院聆訊，可能會面臨延遲。
Why It's Important: The votes could help AMC raise additional capital to pay off debt and increase its cash going forward.
為什麼它很重要： 這些投票可以幫助 AMC 籌集更多資本以償還債務並增加其未來現金。
Opponents of the planned conversion have pointed to potential dilution to shareholders of common stock in AMC.
計劃轉換的反對者指出，AMC 普通股股東的潛在稀釋情況。
AMC ended the first quarter with available liquidity of $842.7 million and debt of $4.95 billion.
AMC 於第一季度結束，可用流動性為 842.7 億美元，債務為 49.5 億美元。
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.
於 2022 年，金融資產管理委員會售出 207.8 萬個 APE 單位，所得款項為 2.88 億美元。第一季度，AMC 額外出售 660 萬股 APE 單位，以籌集 960 萬美元。
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, 猿價格行動: 星期二，AMC 的股價下跌 15% 至 4.64 美元；APE 單位的股份下跌 5.2% 至 1.64 美元。