{"id":20055,"date":"2023-08-14T09:42:04","date_gmt":"2023-08-14T16:42:04","guid":{"rendered":"https:\/\/marketdepth.com\/?p=20055"},"modified":"2023-08-18T12:51:39","modified_gmt":"2023-08-18T19:51:39","slug":"amc-plummets-as-court-approves-ape-share-conversion","status":"publish","type":"post","link":"https:\/\/marketdepth.com\/amc-plummets-as-court-approves-ape-share-conversion\/","title":{"rendered":"AMC Plummets as Court Approves APE Share Conversion"},"content":{"rendered":"\n<p><strong>AMC Entertainment Inc (AMC:NASD)<\/strong> shares have nose dived Monday as the court approved a share conversion plan for APE. The company gained significant notoriety coming from the pandemic days thanks in part to &#8220;Wallstreetbets&#8221;. As the company saw a surge in attendance as the pandemic restrictions started to come off they were in a battle to continue the revenue growth.<\/p>\n\n\n\n<p>AMC fell almost 40% intraday as a Deleware court over the weekend approved a merger with AMC and APE (AMC Preferred Shares). To add onto the chaos a 10-1 reverse split is happening on August 24. Investors are fearful that the merger will chaos a dilution in there shares and decided to sell causing the stock to plummet.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\" style=\"font-style:normal;font-weight:600\">\n<p>&#8220;AMC should now be able to raise additional equity capital. We can use this access to equity capital to shore up our cash reserves, pay down debt, invest in growth initiatives to strengthen our operating profitability and pursue transformative merger and acquisition opportunities.&#8221;<\/p>\n<cite>AMC CEO Adam Aron written in a letter to investors Sunday<\/cite><\/blockquote>\n","protected":false},"excerpt":{"rendered":"AMC Entertainment Inc (AMC:NASD) shares have nose dived Monday as the court approved a share conversion plan for APE. The company gained significant notoriety coming from the pandemic days thanks in part to &#8220;Wallstreetbets&#8221;. As the company saw a surge in attendance as the pandemic restrictions started to come off they were in a battle&#8230; <a class=\"view-article\" href=\"https:\/\/marketdepth.com\/amc-plummets-as-court-approves-ape-share-conversion\/\">View Article<\/a>","protected":false},"author":3,"featured_media":19154,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":0,"footnotes":""},"categories":[10,31,17,12,16],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AMC Plummets as Court Approves APE Share Conversion - MarketDepth<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/marketdepth.com\/amc-plummets-as-court-approves-ape-share-conversion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AMC Plummets as Court Approves APE Share Conversion - MarketDepth\" \/>\n<meta property=\"og:description\" content=\"AMC Entertainment Inc (AMC:NASD) shares have nose dived Monday as the court approved a share conversion plan for APE. The company gained significant notoriety coming from the pandemic days thanks in part to &#8220;Wallstreetbets&#8221;. As the company saw a surge in attendance as the pandemic restrictions started to come off they were in a battle... View Article\" \/>\n<meta property=\"og:url\" content=\"https:\/\/marketdepth.com\/amc-plummets-as-court-approves-ape-share-conversion\/\" \/>\n<meta property=\"og:site_name\" content=\"MarketDepth\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/marketdepthnews\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-14T16:42:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-18T19:51:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/marketdepth.com\/wp-content\/uploads\/2022\/04\/AMC-theatre-and-cinemas.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1122\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"MarketDepth\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@MarketDepthNews\" \/>\n<meta name=\"twitter:site\" content=\"@MarketDepthNews\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"MarketDepth\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/marketdepth.com\/amc-plummets-as-court-approves-ape-share-conversion\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/marketdepth.com\/amc-plummets-as-court-approves-ape-share-conversion\/\"},\"author\":{\"name\":\"MarketDepth\",\"@id\":\"https:\/\/marketdepth.com\/#\/schema\/person\/1c07fd6f269e57bf07013b63d7245f69\"},\"headline\":\"AMC Plummets as Court Approves APE Share Conversion\",\"datePublished\":\"2023-08-14T16:42:04+00:00\",\"dateModified\":\"2023-08-18T19:51:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/marketdepth.com\/amc-plummets-as-court-approves-ape-share-conversion\/\"},\"wordCount\":179,\"publisher\":{\"@id\":\"https:\/\/marketdepth.com\/#organization\"},\"articleSection\":[\"Breaking\",\"Business\",\"Headlines\",\"Lifestyle\",\"What's Hot\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/marketdepth.com\/amc-plummets-as-court-approves-ape-share-conversion\/\",\"url\":\"https:\/\/marketdepth.com\/amc-plummets-as-court-approves-ape-share-conversion\/\",\"name\":\"AMC Plummets as Court Approves APE Share Conversion - MarketDepth\",\"isPartOf\":{\"@id\":\"https:\/\/marketdepth.com\/#website\"},\"datePublished\":\"2023-08-14T16:42:04+00:00\",\"dateModified\":\"2023-08-18T19:51:39+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/marketdepth.com\/amc-plummets-as-court-approves-ape-share-conversion\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/marketdepth.com\/amc-plummets-as-court-approves-ape-share-conversion\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/marketdepth.com\/amc-plummets-as-court-approves-ape-share-conversion\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/marketdepth.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"AMC Plummets as Court Approves APE Share Conversion\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/marketdepth.com\/#website\",\"url\":\"https:\/\/marketdepth.com\/\",\"name\":\"MarketDepth\",\"description\":\"Stock Market News &amp; Headlines\",\"publisher\":{\"@id\":\"https:\/\/marketdepth.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/marketdepth.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/marketdepth.com\/#organization\",\"name\":\"MarketDepth\",\"url\":\"https:\/\/marketdepth.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/marketdepth.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/marketdepth.com\/wp-content\/uploads\/2021\/05\/MarketDepth-Placeholder-1.jpg\",\"contentUrl\":\"https:\/\/marketdepth.com\/wp-content\/uploads\/2021\/05\/MarketDepth-Placeholder-1.jpg\",\"width\":1500,\"height\":1000,\"caption\":\"MarketDepth\"},\"image\":{\"@id\":\"https:\/\/marketdepth.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/marketdepthnews\",\"https:\/\/twitter.com\/MarketDepthNews\",\"https:\/\/www.instagram.com\/marketdepth\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/marketdepth.com\/#\/schema\/person\/1c07fd6f269e57bf07013b63d7245f69\",\"name\":\"MarketDepth\",\"url\":\"https:\/\/marketdepth.com\/author\/3\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"AMC Plummets as Court Approves APE Share Conversion - MarketDepth","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/marketdepth.com\/amc-plummets-as-court-approves-ape-share-conversion\/","og_locale":"en_US","og_type":"article","og_title":"AMC Plummets as Court Approves APE Share Conversion - MarketDepth","og_description":"AMC Entertainment Inc (AMC:NASD) shares have nose dived Monday as the court approved a share conversion plan for APE. The company gained significant notoriety coming from the pandemic days thanks in part to &#8220;Wallstreetbets&#8221;. As the company saw a surge in attendance as the pandemic restrictions started to come off they were in a battle... View Article","og_url":"https:\/\/marketdepth.com\/amc-plummets-as-court-approves-ape-share-conversion\/","og_site_name":"MarketDepth","article_publisher":"https:\/\/www.facebook.com\/marketdepthnews","article_published_time":"2023-08-14T16:42:04+00:00","article_modified_time":"2023-08-18T19:51:39+00:00","og_image":[{"width":1920,"height":1122,"url":"https:\/\/marketdepth.com\/wp-content\/uploads\/2022\/04\/AMC-theatre-and-cinemas.jpg","type":"image\/jpeg"}],"author":"MarketDepth","twitter_card":"summary_large_image","twitter_creator":"@MarketDepthNews","twitter_site":"@MarketDepthNews","twitter_misc":{"Written by":"MarketDepth","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/marketdepth.com\/amc-plummets-as-court-approves-ape-share-conversion\/#article","isPartOf":{"@id":"https:\/\/marketdepth.com\/amc-plummets-as-court-approves-ape-share-conversion\/"},"author":{"name":"MarketDepth","@id":"https:\/\/marketdepth.com\/#\/schema\/person\/1c07fd6f269e57bf07013b63d7245f69"},"headline":"AMC Plummets as Court Approves APE Share Conversion","datePublished":"2023-08-14T16:42:04+00:00","dateModified":"2023-08-18T19:51:39+00:00","mainEntityOfPage":{"@id":"https:\/\/marketdepth.com\/amc-plummets-as-court-approves-ape-share-conversion\/"},"wordCount":179,"publisher":{"@id":"https:\/\/marketdepth.com\/#organization"},"articleSection":["Breaking","Business","Headlines","Lifestyle","What's Hot"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/marketdepth.com\/amc-plummets-as-court-approves-ape-share-conversion\/","url":"https:\/\/marketdepth.com\/amc-plummets-as-court-approves-ape-share-conversion\/","name":"AMC Plummets as Court Approves APE Share Conversion - MarketDepth","isPartOf":{"@id":"https:\/\/marketdepth.com\/#website"},"datePublished":"2023-08-14T16:42:04+00:00","dateModified":"2023-08-18T19:51:39+00:00","breadcrumb":{"@id":"https:\/\/marketdepth.com\/amc-plummets-as-court-approves-ape-share-conversion\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/marketdepth.com\/amc-plummets-as-court-approves-ape-share-conversion\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/marketdepth.com\/amc-plummets-as-court-approves-ape-share-conversion\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/marketdepth.com\/"},{"@type":"ListItem","position":2,"name":"AMC Plummets as Court Approves APE Share Conversion"}]},{"@type":"WebSite","@id":"https:\/\/marketdepth.com\/#website","url":"https:\/\/marketdepth.com\/","name":"MarketDepth","description":"Stock Market News &amp; Headlines","publisher":{"@id":"https:\/\/marketdepth.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/marketdepth.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/marketdepth.com\/#organization","name":"MarketDepth","url":"https:\/\/marketdepth.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/marketdepth.com\/#\/schema\/logo\/image\/","url":"https:\/\/marketdepth.com\/wp-content\/uploads\/2021\/05\/MarketDepth-Placeholder-1.jpg","contentUrl":"https:\/\/marketdepth.com\/wp-content\/uploads\/2021\/05\/MarketDepth-Placeholder-1.jpg","width":1500,"height":1000,"caption":"MarketDepth"},"image":{"@id":"https:\/\/marketdepth.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/marketdepthnews","https:\/\/twitter.com\/MarketDepthNews","https:\/\/www.instagram.com\/marketdepth\/"]},{"@type":"Person","@id":"https:\/\/marketdepth.com\/#\/schema\/person\/1c07fd6f269e57bf07013b63d7245f69","name":"MarketDepth","url":"https:\/\/marketdepth.com\/author\/3\/"}]}},"_links":{"self":[{"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/posts\/20055"}],"collection":[{"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/comments?post=20055"}],"version-history":[{"count":1,"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/posts\/20055\/revisions"}],"predecessor-version":[{"id":20056,"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/posts\/20055\/revisions\/20056"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/media\/19154"}],"wp:attachment":[{"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/media?parent=20055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/categories?post=20055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/tags?post=20055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}