AMC’s new ‘APE’ units are a meme-friendly way for the theater chain to raise cash fast via /r/wallstreetbets #stocks #wallstreetbets #investing


AMC’s new ‘APE’ units are a meme-friendly way for the theater chain to raise cash fast

KEY POINTS

The theater chain's new preferred share class — called "APE" units — begin trading on Monday after being distributed to shareholders as a dividend last week. 

The special dividend seems to be in keeping with CEO Adam Aron's aggressive marketing efforts to appeal to the retail investors who call themselves "Apes."

The new APE units are a corporate finance tool at their core because the shares create a new way for AMC to raise money.

Source: https://www.google.com/amp/s/www.cnbc.com/amp/2022/08/22/amcs-new-ape-units-are-a-meme-friendly-way-to-raise-cash-fast.html

Submitted August 31, 2022 at 02:57PM by SpiritualPickel
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