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drexlspivey
on Feb 11, 2021
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GameStop missed out on capitalizing on the Reddit ...
AMC did exactly that, they sold a bunch of new shares at an inflated price
dcolkitt
on Feb 11, 2021
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Correct me if I’m wrong, but I thought the new AMC shares came from Silverlake exercising its convertibles, not AMC itself. Of course it still benefited AMC by reducing its debt load.
drexlspivey
on Feb 11, 2021
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It was both, AMC completed an at the market offering during the pump and convertible bond holders also converted to stock
dcolkitt
on Feb 11, 2021
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You are correct. Thanks for pointing that out.
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