12-23-2022, 03:53 AM
What happens if APE shares are converted to AMC shares?
<!-- SC_OFF --><div class="md"><p>There is a possibility that APE shares could be converted to AMC shares. APE shares might also be diluted. Given the current share count for APE and AMC (~513M each, not including dark pool trades), if a conversion is done today, would that mean the new share count will be greater than 1 billion outstanding shares? </p> <p>And how will the share price change after the conversion? As of today, December 15, 2022, the opening price of AMC = $5.69/share and APE = 0.87/share. Would that mean $5.69 + 0.87 = $6.56/share post conversion?</p> <p>Could someone explain how the APE to AMC stock conversion would work?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/NES_WallStreetKid"> /u/NES_WallStreetKid </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/zsnu1c/what_happens_if_ape_shares_are_converted_to_amc/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/zsnu1c/what_happens_if_ape_shares_are_converted_to_amc/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>There is a possibility that APE shares could be converted to AMC shares. APE shares might also be diluted. Given the current share count for APE and AMC (~513M each, not including dark pool trades), if a conversion is done today, would that mean the new share count will be greater than 1 billion outstanding shares? </p> <p>And how will the share price change after the conversion? As of today, December 15, 2022, the opening price of AMC = $5.69/share and APE = 0.87/share. Would that mean $5.69 + 0.87 = $6.56/share post conversion?</p> <p>Could someone explain how the APE to AMC stock conversion would work?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/NES_WallStreetKid"> /u/NES_WallStreetKid </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/zsnu1c/what_happens_if_ape_shares_are_converted_to_amc/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/zsnu1c/what_happens_if_ape_shares_are_converted_to_amc/">[comments]</a></span>