Summary by Futu AI
AMC Entertainment Holdings, Inc. has filed an amendment to its Form 8-K/A with the SEC, providing additional details on a previously undisclosed transaction. The amendment, dated July 25, 2024, supplements the original report from July 22, 2024. It reveals that on May 15, 2024, AMC entered into a private exchange agreement, issuing 1,723,780 shares of Class A common stock in exchange for $10 million aggregate principal amount of its 10%/12% Cash/PIK Toggle Second Lien Subordinated Notes due 2026. The shares were valued at $6.05 each, based on the principal and accrued interest. The shares issued were included in the total of 361,354,955 shares outstanding as of July 22, 2024. The transaction was conducted under Section 3(a)(9) of the Securities Act, without payment of any commission. AMC may consider similar transactions in the future but has no definitive plans to do so.