Are you tempted to buy AMC’s new APEs? Be prepared to lose it all, warns company
Shares of AMC’s preferred stock, or “APE”, rose 5% on Monday, while the company’s common shares fell 7.5%, after the company disclosed plans to sell up to 425 million additional APE. At current prices, the movie theater chain could raise up to $1.6 billion from the sale of additional APEs, which was disclosed in a …
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