While a shareholder vote on that plan is set to be held by AMC on March 14, the plan cannot be implemented if approved until after an injunction hearing is held in Delaware court on April 27. On Wall Street, the chain’s stock has become the subject of a new shareholder lawsuit looking to block a proposed plan by the company to turn its preferred shares - called “APE” shares by the company - into common shares in an effort to build capital. The theater chain has made headlines since the pandemic began for acquiring multiple major multiplexes closed by other chains due to the COVID-19 pandemic despite currently holding more than $5 billion in debt. The new popcorn line provides AMC with another revenue stream as it seeks to raise revenue and capital during what is expected to be a resurgent 2023 for the box office. See the IMAX Difference in Universal City. We could not have found a better partner than Walmart for this important extension of the AMC experience into the home,” Aron continued. Order tickets, check local showtimes and get directions to Universal Cinema AMC at CityWalk Hollywood & IMAX. “We are especially pleased that we are doing so in an exclusive launch with Walmart, the largest retailer in the United States. AMC Shares Surge 23% as Judge Delays Stock Plan
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