Wedbush withdrew its previous price target on AMC to $2 from $4

And classified its provided run-rate on AMC as an underperform

The new target funding proportion indicates the higher share figure of AMC with the new targeted equity 

On the first day of APE trading, combined shares lost $800 million in value because of 

Friday s closing cost of $18.01, according to the notice

AMC closed at $10.46 and APE closed at $6 on opening day

While it makes little sense for APE to offer shares below AMC 

Roger Altman thinks it is a symbol of concerns about dilution

As AMC is pre-authorized to raise up to $4.5 billion in APE stock