AMC ' s Reverse Stock Split Takes Effect

The reverse split gave shareholders in the movie-theater chain one share for every 10 they previously held, and has the effect of increasing AMC's share price. The conversion of AMC's preferred "Ape" units and reduction of shares outstanding will allow AMC to sell a substantial amount of new…#amc #adamaron

Source: Reuters: Health - August 24, 2023 Category: Consumer Health News Source Type: news