AMC Entertainment Holdings Inc (AMC)

[DR_rugby]

More info and explanation

SEC filing

https://www.sec.gov/Archives/edgar/data/1411579/000110465923040961/tm2311404d1_8k.htm

Note the following

There is a settlement payment of 4.4% of class A stock to plaintiffs after conversion and stock split for 1 settlement share for 7 shares for shares held on 31 March 23

No fractional shares will be delivered

Only whole shares and cash for fraction shares

Thus

An current shareholder with 60 shares After 10-1 stock split will get 6 new AMC conversion shares

6 shares or less will get cash

An current shareholder with 70 shares or more After 10-1 stock split will get 7 or more new AMC conversion shares

7 new AMC shares will get cash and 1 AMC settlement share no fraction shares

Note the following

Actions to be completed

Judge approval and signature
Company stock transaction action
Company settlement share issuance

Lots of details here and more to come

GLTA