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Ape

All articles tagged with #ape

science2 years ago

Ancient Fossil Ape Shakes Up Human Origins Theories

The discovery of an 8.7-million-year-old fossilized ape in Turkey challenges long-accepted ideas of human origins. The fossil, named Anadoluvius turkae, supports the hypothesis that the ancestors of African apes and humans may have evolved in Europe and later migrated to Africa. The findings suggest that hominines not only evolved in western and central Europe but also spent over five million years evolving there before dispersing into Africa. The fossil provides strong evidence that a group of early hominines originated in Europe and later dispersed into Africa. The study's authors conclude that the ancestors of African apes and humans came from Europe and the eastern Mediterranean. Further research is needed to establish a definitive connection between the two groups.

via SciTechDaily|
#ape#evolution#fossil
business2 years ago

AMC Stock Hits Rock Bottom Amid APE Lawsuit Fallout

AMC Entertainment's stock price hit its lowest level since January 2021 after a Delaware judge ruled in favor of a settlement allowing the company to convert its "APE" shares into common shares. The ruling opens the door for AMC to potentially raise up to $168 million, providing much-needed liquidity. Despite concerns about the company's debt load, analysts believe the new equity could be used to de-lever the balance sheet, acquire additional movie theaters, and diversify with new growth strategies. AMC's CEO has warned of a potential cash crunch, exacerbated by the ongoing strikes in Hollywood.

via Deadline|
#amc-entertainment#ape#business
science2 years ago

Rethinking Humanity: Ape-Sized Brain Challenges Theories.

The discovery of a small-brained hominin species in South Africa is challenging the long-held belief that brain size was the key factor in the evolution of humans. The species, named Homo naledi, had a brain the size of an ape but walked upright and used tools, suggesting that other factors, such as social behavior, may have played a larger role in human evolution than previously thought.

via The Wall Street Journal|
#anthropology#ape#brain-size
finance2 years ago

AMC-APE Deal Unlikely in 60 Days as Spread Widens

The spread between AMC Entertainment Holdings' common and preferred shares widened as a settlement in the company's conversion dispute appears unlikely in the next two months, according to a Delaware hearing. The judge tentatively suggested June 29 or June 30 for a settlement hearing. The ongoing court case adds uncertainty and makes trades more costly for many. Implied volatility for AMC July options surged as traders piled in to hedge against a possible settlement at the end of June.

via Yahoo Finance|
#amc-entertainment-holdings#ape#conversion-dispute
finance2 years ago

Court Ruling Widens Spread Between AMC and APE Shares

The gap between AMC Entertainment Holdings' common stock price and its preferred shares listed under the ticker APE widened after Delaware's Court of Chancery denied the movie theater operator's motion to lift a status quo order, days after the company reached a settlement with retail investors over the stock conversion. The ongoing court case has created uncertainty for risk arbitrage traders looking to capitalize on the spread. They have been betting that the price gap between the two share classes will vanish once the conversion goes through.

via Yahoo Finance|
#amc-entertainment-holdings#ape#court-ruling
business2 years ago

AMC Stock Jumps, APEs Tumble as Court Denies Swift Share Conversion Attempt

AMC Entertainment's shares rose while its preferred equity units (APE) fell after a Delaware court ruled against fast-tracking a proposed settlement with shareholders that would allow a capital raise for the theater chain and meme stock. The settlement would have allowed the conversion of APE stock into AMC stock, but the court ruled that AMC Entertainment is moving too fast. AMC's lawyers had argued that the settlement was contingent on the status quo order being lifted.

via Investor's Business Daily|
#amc-entertainment#ape#business