APE Surges 45% as AMC Announces Debt Exchange, Reverse Stock Split – 24/7 Wall St.

APE Surges 45% as AMC Announces Debt Exchange, Reverse Stock Split – 24/7 Wall St.

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APE, AMC’s preferred equity units, jumped by 45% Friday after the cinema chain announced it raised $110 million of fresh capital. The company also announced a debt exchange and proposed a reverse stock split. AMC Common Shares Down 4.6% in Premarket Following the Announcement AMC’s APE preferred…

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