AMC to implement reverse stock split, convert APE units, issue settlement shares; ATM offering up to 25M shares

AMC ENTERTAINMENT HOLDINGS, INC.

Court approved shareholder litigation settlement on Aug 11; status quo order lifted.
Reverse 1-for-10 stock split of Class A common effective Aug 24; authorized shares increased to 550M.
All outstanding APE units (995.4M as of Jun 30) to convert into approx 99.5M AMC shares on Aug 25; APE to be delisted.
Litigation settlement payment of 1 AMC share per 7.5 shares held on Aug 24 record date; about 6.9M new shares issued.
Company intends to raise capital via ATM offering of up to 25M shares of Class A common stock.

item 3.02 item 3.03 item 8.01 item 5.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

AMC ENTERTAINMENT HOLDINGS, INC.: Filed amendment to Third Amended and Restated Certificate of Incorporation to increase authorized Class A common stock from 524,173,073 to 550,000,000 shares and effectuate a 1-for-10 reverse stock split, effective August 24, 2023 (effective 2023-08-24).

Change: charter amendment
Effective: 2023-08-24

Exact text from the filing

On August 14, 2023, the Company filed the amendment to its Third Amended and Restated Certificate of Incorporation, which was previously approved by the Company’s stockholders at the special meeting held on March 14, 2023 and described in the Company’s definitive proxy statement filed with the Securities and Exchange Commission (the “SEC”) on February 14, 2023, to (a) increase the total number of authorized shares of the Company’s Class A common stock

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188 governance changes filed in the last 30 days. Browse all governance changes →

AMC ENTERTAINMENT HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001104659-23-090981

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