![AMC shares soar after judge blocks stock conversion plan AMC shares soar after judge blocks stock conversion plan](/wp-content/uploads/2023/07/amc-shares-soar-after-judge-blocks-stock-conversion-plan-600x400.webp)
AMC shares soar after judge blocks stock conversion plan
AMC Entertainment Holdings, the world’s largest movie theater chain, saw its common stock shares surge in after-hours trading on Friday, after a Delaware judge denied approval of a settlement that would have allowed the company to convert its preferred shares into regular stock and issue more shares.