AMC Theatres is selling up to 425 million APE preferred shares to raise money and pay its debts. APE is a new type of preferred equity unit that was issued by AMC Entertainment last month, and its trading commenced on Aug. 22.
AMC revealed on Aug. 4 that it would pay dividends to all common stockholders in preferred stock. The cinema chain applied to list this preferred entity on the New York Stock Exchange (NYSE) under the symbol “APE”, which the retail investors who helped bail out the company from bankruptcy last year agreed on.
According to The Hollywood Reporter, after the company announced its AMC Preferred Equity units to investors, it reached an agreement with Citigroup Global to start selling the APE. The company made a distribution deal to sell its new preferred share class after they were given out as dividends to shareholders.
In a filing at the Securities and Exchange Commission on Monday, Sept. 26, AMC stated that it has a deal with Citigroup Global, which is to serve as its sales agent for APE. The company said the banking and financial services firm may offer and sell 425 million of the theater chain’s preferred equity units.
“You could lose all or part of your investment,” AMC stated in the disclosure document that describes a financial security for potential buyers. “The risks and uncertainties discussed in this prospectus or in any document incorporated by reference into this prospectus are not the only risks and uncertainties that we face, and additional risks and uncertainties not presently known to us or that we currently deem immaterial may also affect our business, results of operations or financial condition.”
Meanwhile, The Wrap previously reported that the stock price of AMC Theatres plummeted by 40% as it prepares to launch its new APE trading units in August. Even if the company said that it would help lessen AMC’s huge debt load, the share price dipped at that time, and this may be due to the fears of stock dilution. It was also pointed out that the drop came as Cineworld confirmed it is considering a bankruptcy filing in the United States and other regions to contain its debt issues sparked by the COVID-19 pandemic.


U.S. Dollar Slips Near Two-Month Low as Markets Await Key Jobs Data and Central Bank Decisions
Oil Prices Slip in Asia as 2026 Supply Glut Fears and Russia-Ukraine Talks Weigh on Markets
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks
noyb Files GDPR Complaints Against TikTok, Grindr, and AppsFlyer Over Alleged Illegal Data Tracking.
United Airlines Tokyo-Bound Flight Returns to Dulles After Engine Failure
Blackstone Leads $400 Million Funding Round in Cyera at $9 Billion Valuation
FAA Unveils Flight Plan 2026 to Strengthen Aviation Safety and Workforce Development
Strategy Retains Nasdaq 100 Spot Amid Growing Scrutiny of Bitcoin Treasury Model
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge
CMOC to Acquire Equinox Gold’s Brazilian Mines in $1 Billion Deal to Expand Precious Metals Portfolio
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism
SUPERFORTUNE Launches AI-Powered Mobile App, Expanding Beyond Web3 Into $392 Billion Metaphysics Market
Australian Consumer Sentiment Slumps in Early December as Inflation Fears Resurface
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes
South Korea Warns Weak Won Could Push Inflation Higher in 2025
Asian Stocks Edge Higher as Tech Recovers, U.S. Economic Uncertainty Caps Gains
Robinhood Expands Sports Event Contracts With Player Performance Wagers 



