“I believe all of this makes us vastly, and I mean, vastly, stronger,” he added. See Now: How one investor applied the lessons of the meme stocks frenzy to blockchain and NFTs Speaking during a conference call to discuss the results, Aron said that AMC has the flexibility to issue more “Apes” in the future. The company, which issued an “I own AMC” NFT in January, will also be issuing an “I own APE” NFT to shareholders. The company has faced unsubstantiated internet conspiracy theories that there are millions of synthetic AMC shares in circulation, as well as calls for a share recount, according to the Wall Street Journal. “The issuance only to our shareholders of tradable AMC Preferred Equity units clarifies who is included in our current shareholder base,” he said in the statement. “As a result, this dramatically lessens any near-term survival risk for AMC, as we continue to work our way through this pandemic.”ĪMC will be issuing an APE dividend for each of its 516,820,595 shares outstanding, according to Aron. “This new AMC Preferred Equity gives AMC a currency that can be used in the future to strengthen our balance sheet, including by paying down debt or raising fresh equity,” said AMC Chief Executive Adam Aron, in a statement. The symbol is a nod to the investors who turned the company into a meme stock, who often refer to themselves as “apes” or “ape nation.” AMC has applied to list its AMC Preferred Equity Units on the New York Stock Exchange under the symbol “APE,” starting Aug. The special dividend is expected to be paid at the close of business on Aug. 'Posh' brand funding round for all things cannabis kicks off with S.E.C.The special dividend of one AMC Preferred Equity unit will be issued for each share of AMC Class A common stock, par value $0.01 per share, outstanding at the close of business on Aug. Glitzy LA luxury private cigar club planned for two blocks from the Walt Disney Concert Hall 6:15 PM Acquires Alpha Growers, LLC and Adds $320,000 in Assets completes Thy News localization testing successfully īranded Legacy, Inc. Memorandum of Understanding Signed by Miranda Water Treatment Systems and Rainmaker Worldwide Inc. Nextech AR Reports Q3 3D-Model Production Jumps 110% and Sees Strong Continued Demand in Q4 Laser Photonics Highlights Key Investment Points for New Investors Progressive Care Subsidiary ClearMetrX Launches 340MetrX Platform to Help Streamline 340B Program and Increase Claim Capture Įlectromedical Update: Strong Q3 Sales Momentum, New Financing, Improved Supply Chain, Expanding Product Development and Production. Green Battery Minerals Completes 2nd Drilling Program At Zone 6 Of The Berkwood Graphite Project UCASU confirms the listing of Dallas land for $2.25 million Įnerkon Solar International announces Change of Control and name Change to New Technology Acquisition Holdings, Inc. 'Wait, what?' Hyundai makes computers and gadgets? 4:27 PM CEO Aron Tweets About AMC Entertainment (NYSE:AMC) and APE Trading Halt.THE REDEMPTION OF AN AMERICAN ICON" Exclusively In Theaters December 5,6 & 7 Only.Statement of Changes in Beneficial Ownership (4).
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