AMC common stock and APE preferred equity units are subject to corporate action events beginning on August 24.
- August 24th: AMC will go through a 1-for-10 reverse split
- August 25th: APE preferred equity units will be converted to AMC shares (with 10 shares of APE convertible into 1 share of post-reverse-split AMC stock.)
- August 28th (or shortly thereafter): AMC holders as of 8/24 (but not APE-only holders) will receive a litigation settlement payment in the form of shares. (1 AMC share for every 7.5 held)
AMC filed an Form 8-K with the SEC on Monday, August 14th, 2023, which contains detailed information about these events. You can view the Form 8-K HERE.
If you have any questions regarding your SoFi account, please reach out to us via phone at 855-456-7634, or via the chat function on the SoFi app or website.
If you have any questions for AMC and the corporate action events, you can find their contact information on their Investor Relations website HERE.