Birdwatch Note Rating
2023-07-31 09:21:49 UTC - HELPFUL
Rated by Participant: B48F0074080DBEAC872110F1E888EE657D56AD0FBC478810DBD3A44BE51D6A90
Participant Details
Original Note:
AMC does not get any cash from the conversion. The market cap of AMC, however, will go up by the value of the APE shares upon conversion, although this gain will not be realized by the company. Sources: https://s25.q4cdn.com/472643608/files/doc_downloads/2022/AMC-Preferred-Equity-Unit-Dividend-SEC-8-K-Filing.pdf https://s25.q4cdn.com/472643608/files/doc_downloads/2022/ape_dividend_faq.pdf
All Note Details