Birdwatch Note Rating
2023-08-01 01:17:46 UTC - NOT_HELPFUL
Rated by Participant: D4CC30A718414CD5EBE23BF2A8DACC8CC2FA0F8207EEA8D16ABDA7DDB7DA87AC
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