AMC news -the company will issue new shares
From the prospectus supplement released today, with voting ending tomorrow.
Right in the middle of page S-10
"Notwithstanding the foregoing, the proxy materials for our rescheduled annual meeting of stockholders will include a proposal to authorize additional shares of Class A common stock but in a quantity significantly smaller than the previous request,"
So Aaron promised to not issue any shares, withdrew the 500m offering in the previous voting, only to come back at the 11th hour and sneak in a vote for issuing – you guessed it – additional shares. He does not disclose how many but you can bet it will be sizeable.
It also appears that he didn’t find time to tell anyone about this, what with being busy tweeting and giving interviews to youtubers and all that.
Make of that what you will.
EDIT: credit goes to u/XBV who first posted about it in the amc subreddit.
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June 1, 2021 at 04:46PM