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What was the result of the short squeezes that occurred at AMC in January 2021?

  • Silver Lake converted its debt holding to equity

  • AMC filed for bankruptcy

  • Wanda Group sold its shares

  • AMC's stock price plummeted

Answer

The short squeezes that occurred at AMC in January 2021 resulted in Silver Lake converting its $600 million debt holding into equity. This was part of a series of financial maneuvers that diluted Wanda's ownership in the company.
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