AMC must be in a position to raise equity capital.
But the price of the APEs fell, making them less effective for fundraising.
But some stockholders sued in Delaware Chancery Court to block the conversion.
Adam AronAMC
That is what will make it more likely that first, we survive, and then that we thrive.
And we do that by AMC being able to raise equity if, as and when needed.
He said AMC and the plaintiffs in the case have modified the settlement.
The now tabled one-to-one conversion of APEs to common shares had favoredAPEholders.
APEs are down 3%.
I urge you to read it.
