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What's going on with AMC & ape?

On Tuesday, the common stock closed at about $5.11, while the APEs closed at around $1.77. Elsewhere, AMC has sued its insurers, accusing them of refusing to fund the settlement. A different stockholder is seeking a court order compelling the company to hold its first annual meeting and board election in more than 13 months.

Will ape units be converted into AMC common shares?

The Delaware Court judge has blocked that wider conversion of APE units into AMC common shares, at least for now. Judge Zurn in her decision paid tribute to retail investors who have opposed the APEs-to-stock conversion. “AMC’s stockholder base is extraordinary.

Did a hedge fund get threatening phone calls from AMC stockholders?

The hedge fund—which emerged as a villain in the eyes of many retail investors—has said it’s gotten threatening phone calls from people claiming to be AMC stockholders. Zurn’s decision Friday focused on the settlement’s scope, which she characterized as overbroad.

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