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amc ape conversion calculator pepe unchain Bnb Eth XRP aave Bitcoin crypto futures

When did AMC convert ape?

With the lawsuit settled, AMC implemented the APE conversion on August 25, 2023. Consistent with AMC's reverse split, each share of APE was converted into 0.1 shares of AMC. How Were AMC And APE Investors Impacted?

What happened to AMC shares after the ape conversion?

After the APE conversion was given the go-ahead by the court, shares of AMC plummeted roughly 35% in a single trading session. The opposite has been true of the APE units. They've risen in value with every step AMC has taken closer to the conversion.

What were the perks of ape shares vs AMC shares?

APE shares, however, did not have those perks. They had the same voting and economic rights as AMC common shares. Importantly, APEs were also convertible to AMC shares on a 1-to-1 basis. The creation of APEs laid the groundwork for AMC to access capital funding, without technically diluting its common shares.

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