AMC Entertainment
stock tumbled 25% early Tuesday but its preferred shares soared more than 30% as the movie-theater operator said it reached a settlement with shareholders over its planned stock conversion.
The settlement paves the way for the company to complete its plan to convert its AMC Preferred Equity, or APE, units into shares of common stock.
Source: https://www.barrons.com/articles/amc-stock-ape-shares-conversion-eb67568c?siteid=yhoof2&yptr=yahoo