Home » Markets » AMC backtracks on vote to sell 25M additional shares
AMC backtracks on vote to sell 25M additional shares
Trey Collins on AMC market value, naked short selling
Host of ‘Trey’s Trades’ on YouTube Trey Collins analyzes AMC’s market value over the past week and discusses possible penalties for naked shorting.
AMC shareholders will no longer vote on a request to sell an additional 25 million shares during the movie chain's annual meeting later this month.
AMC SHARES FALL AFTER ‘SHORT’ DISCLOSED BY ICEBERG RESEARCH
The company said in an Securities and Exchange Commission filing on Tuesday that the request, dubbed Proposal 1, has been withdrawn from the annual shareholder meeting's agenda. The filing notes that the move would've boosted the total number of outstanding Class A shares to 549,173,073.