What's Going On With AMC Entertainment Stock Wednesday?
What's Going On With AMC Entertainment Stock Wednesday?
AMC Entertainment Holdings Inc (NYSE:AMC) shares are trading lower. The company's APE stock conversion was upheld on Wednesday by Delaware's highest court.
AMC娱乐控股公司（纽约证券交易所代码：AMC）股价走低。特拉华州最高法院周三维持了该公司的APE股票转换。
What Happened: Chief Justice Collins J. Seitz Jr. signed a court order on Wednesday affirming a prior ruling to allow AMC to move forward with its stock conversion to AMC Preferred Equity units, or APE units, according to Bloomberg.
发生了什么：据彭博社报道，首席大法官小柯林斯·塞茨周三签署了一项法院命令，确认了先前的一项裁决，即允许AMC推进向AMC优先股单位或APE单位的股票转换。
AMC declared a special dividend in the form of AMC Preferred Equity units in 2022 to slide by share limits for raising capital without approval from shareholders. AMC shareholders expressed concerns about dilution from day one and pushed back against the move.
AMC宣布在2022年以AMC优先股单位的形式派发特别股息，在未经股东批准的情况下下调股权限额以筹集资金。AMC股东从第一天起就对稀释表示担忧，并反对这一举动。
In 2023, AMC proposed a settlement with shareholders to allow for the conversion of APE units into common shares. The proposed plan also included a one-for-ten reverse stock split. After some back and forth, the Chancery Court ultimately approved AMC's revised stock conversion plan. Delaware's highest court upheld that ruling in a one-page order this week.
2023年，AMC提议与股东达成和解，允许将APE单位转换为普通股。拟议的计划还包括一比十的反向股票分割。经过一番来回交流，衡平法院最终批准了AMC修订后的股票转换计划。特拉华州最高法院本周在一份长达一页的命令中维持了该裁决。
"After careful consideration of the parties' briefs and the record below, and following oral argument, we find it evident that the judgment of the Court of Chancery should be affirmed on the basis of and for the reasons stated in the Memorandum Opinion and Order dated August 11, 2023," the court order states.
法院命令指出：“经过仔细考虑双方的书面陈述和以下记录，经过口头辩论，我们发现显然应根据2023年8月11日备忘录意见和命令中陈述的理由，维持大法官法院的判决。”
AMC shares have been volatile in recent weeks amid a resurgence of interest in meme stocks. The volatility was sparked by the social media return of Keith Gill, a GameStop Corp (NYSE:GME) trader best known as "Roaring Kitty."
由于对模因股票的兴趣重新抬头，最近几周，AMC的股价一直波动不定。波动是由GameStop Corp（纽约证券交易所代码：GME）交易员基思·吉尔在社交媒体上的回归引发的，他最出名的是 “Roaring Kitty”。
Gill is often credited with sparking the meme stock mania of 2021 that saw traders across Reddit's r/WallStreetBets relentlessly buy shares of GameStop and AMC, which ultimately led to short squeezes in the stocks.
吉尔经常被认为引发了2021年的模因股狂热，当时Reddit旗下的r/WallstreetBets的交易员坚持不懈地购买了GameStop和AMC的股票，这最终导致了股票的空头挤压。
Following the surge in AMC shares last week, the company entered into agreements to issue stock in exchange for notes. AMC also recently said it raised approximately $250 million of new equity capital through the sale of 72.5 million shares from an offering it launched in March.
继上周AMC股价飙升之后，该公司签订了发行股票以换取票据的协议。AMC最近还表示，它通过出售3月份启动的7,250万股股票筹集了约2.5亿美元的新股权资本。
AMC will hold its annual shareholder meeting on June 5.
AMC将于6月5日举行年度股东大会。
AMC Price Action: AMC shares were down 2.18% at $4.55 at the time of publication, according to Benzinga Pro.
AMC价格走势：根据Benzinga Pro的数据，截至发布时，AMC股价下跌2.18％，至4.55美元。
Photo: Paul Sableman from Flickr.
照片：来自 Flickr 的 Paul Sableman。