CNBC
•75% Informative
AMC investors voted to approve a reverse stock split and the conversion of APE shares into common company shares.
The result of the special shareholders meeting is expected to pave the way for the theater chain to continue raising cash.
Delaware Chancery Court injunction hearing planned for April 27 could delay any new debt-raising action.
Shares of the company fell mor April 27 7% Tuesday. nearly $850 million AMC pan class="summar Tuesday ighLightText__NxlGi">Dec. 31 APE ed_highLightText__NxlGi">AMC a year ago $134.4 million $287.7 millionAPE less than a year ago t__NxlGi">AMC more than 17% F Tuesday hLightText__NxlGi">Losses< Tuesday the prior-yea 978 million span class= 88% mmaryFeed_highLightT second xlGi">$1.17 billion 10:1 0.4 million 15% fourth quarter Adam Aron lGi">AMC less than a month AMC span class="summaryFeed_highLightText__NxlGi">Tuesday April AMC LightText__NxlGi">Aron AMC Delaware Chancery Court xt__NxlGi">APE April 27 aryFeed_highLightText__NxlGi">AMC
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82
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