AMC Stockholders Secure Major Settlement Providing Investors Additional Shares as Part of Recapitalization
By providing meaningful consideration to common stockholders in exchange for the conversion and reverse split, the settlement will preserve over $100 million of common stockholders’ stake in the company.
- By providing meaningful consideration to common stockholders in exchange for the conversion and reverse split, the settlement will preserve over $100 million of common stockholders’ stake in the company.
- The settlement consideration, comprising approximately 6.9 million post-reverse split shares, will be distributed to pre-conversion holders of AMC common stock.
- Absent this case and settlement, those amendments would have gone through without any additional consideration to common stockholders.
- “Our clients are pleased to have reached this successful agreement on behalf of all AMC common stockholders,” lawyers from the firms said.