AMC Entertainment plunges 22% after the struggling meme stock proposes a reverse stock split and APE share conversion
AMC Chairman and CEO Adam Aron. David Swanson/Reuters AMC Entertainment plunged 22% on Thursday after the struggling meme stock announced a capital raise. The company is seeking more than $100 million in capital via the sale of its APE share class. AMC proposed a 1-for-10 reverse stock split and…
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