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散户的勝利!AMC優先股轉普通股申請被駁回,盤後飆升93%
格隆匯 07-22 10:40

前不久,某私募因做空垃圾股,但由於散户炒作垃圾股,導致“越臭越香”,不得不含淚斬倉。

昨日,美國散户又取得了一次勝利。知名的散户抱團股AMC美股盤後一度飆升93%,現升幅有所回落,最新報7.17美元/股。

消息面上,此前AMC申請將APE優先股轉換為普通股,但遭美國特拉華州一名法官駁回,該計劃會造成散户的持股被稀釋,而這些散户已幫助AMC院線走出破產邊緣。這一進展被視作散户投資者巨大且意外的勝利。

回顧來看,2021年,在疫情最嚴重的時候,美國散户拉抬AMC股價,最高達到了45.01美元/股,從而拯救了這家陷入困境的連鎖影院。

由於2021年可供出售的新普通股即將吿罄,AMC尋求股東授權發行更多股票,但未能獲得足夠的股東支持。

去年,AMC開始發行APE優先股,但對出售數量的限制較少。該公司為每股普通股持有者發放了一個單位APE的特別股息,然後開始通過市場發行和直接出售給對沖基金Antara Capital 30%的額外APE優先股。至此,AMC的APE優先股單位總數接近10億,普通股約為5.17億股

隨後,AMC推出了將APE優先股轉換為普通股和10對1反向股票拆分的提案,股東於今年3月批准了該計劃。

由於APE的交易價格一直低於普通股,目前AMC的優先股報價1.8美元/股,遠低於普通股昨日的收盤價4.4美元/股,因此APE優先股的持有人有動力投票支持轉換。

但這一提案也遭到了部分股東的反對。反對的股東辯稱,APE優先股轉普通股並賦予他們同等的投票權相當於操縱股東投票。

股東們還不滿其中的一項“鏡像投票”條款,在該條款中,儘管並非所有持有者都投票,但投票支持提案的人的百分比適用於整個股東。

3月對APE轉換計劃進行投票的普通股股東中,約有70%表示贊成,但參與投票的人數相對較少,其他許多散户投資者要麼反對該提案,要麼乾脆不對上述提案進行投票。

因此,由養老基金和散户股東牽頭的股東集體將AMC吿上法庭,指控其實施非法企業工程計劃,排擠投資者基礎。

負責裁判的法官説,如果不是因為鏡像投票條款,再加上Antara Capital承諾投贊成票,這一提案就不會通過,AMC操縱了投票結果。因而,駁回了該提案。

此外,AMC吿訴投資者,公司正在以不可持續的速度消耗現金,並警吿稱,無法籌集資金可能會迫使公司破產;出售更多股票將使其能夠償還51億美元債務中。

但在訴訟解決之前,它無法執行其這樣的計劃。

此次駁回後,爭議將發回雙方,雙方可能會決定修改擬議的解決方案,並再次嘗試批准。

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