AMC Reverse Split & Conversion: Everything You Need To Know || AMC Update || AMC Stock Update
AMC Reverse Split & Conversion: Everything You Need To Know || AMC Update || AMC Stock Update
There is a lot happening with AMC this week. AMC is preparing for a reverse stock split (August 24), and then a conversion of shares of APE stock to shares of AMC stock (August 25). AMC then will provide litigation settlement payment to recipients on (or promptly thereafter) August 28. This video explains the AMC reverse split, conversion, and litigation settlement payment based on AMC's most-recent 8-K filing. This information is important for individual investors who have rallied behind heavily shorted stocks such as AMC stock and GME stock in order to rescue these companies from the brink of bankruptcy due to malicious short selling. This information is also important for the entire stock market as individual investors continue standing up for a free, fair, and transparent stock market for all investors.
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