Antara Capital LP disclosed Thursday that it sold more of movie-theater chain AMC Entertainment Holdings Inc.’s AMC Preferred Equity shares known as APEs, to...
Antara Capital LP disclosed Thursday that it sold more of movie-theater chain AMC Entertainment Holdings Inc.’s AMC AMC Preferred Equity shares APE, known as APEs, to reduce the stake to below 10%. In filings with the Securities and Exchange Commission, Antara said it sold a total of 7,993,400 APEs on Wednesday, valued at $13.82 million. That dropped Antara’s ownership to 98.11 million APEs, or 9.86% of the total APEs outstanding.
’s AMC AMC Preferred Equity shares APE , known as APEs, to reduce the stake to below 10%. In filings with the Securities and Exchange Commission, Antara said it sold a total of 7,993,400 APEs on Wednesday, valued at $13.82 million. That dropped Antara’s ownership to 98.11 million APEs, or 9.86% of the total APEs outstanding. Antara had disclosed its first purchase of APEs in January, “for investment purposes,” with the stock rising to a peak of 258.44 million shares, or 28.
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