The Boca Raton-based company operates 16 dine-in theaters in nine states with plans to open locations in four more states, including a new theater within Colony Square in Midtown Atlanta. Stock analysis for Industrial & Prudential Investment Co Ltd (IPIC:BSE India) including stock price, stock chart, company news, key statistics. “Importantly, delays related to the Delray Beach location, resulted in unforeseen costs and a significant slowdown in circuit-wide development and new grand openings.” “Delays in development cycle combined with the high cost of capital depleted IPIC’s available resources before the company was able to reach critical mass and become self-funded,” says Hashemi. Hashemi notes that issues stemming from IPIC’s expansion plans for building 25 locations in four to five years are the principal culprit behind their missed payment to RSA. Hamid Hashemi, founder and CEO of IPIC, says that the company’s movie theaters will remain open and its employees and vendors are being paid. IPIC borrowed $204 million from RSA, according to media reports. In July, the company missed a $10 million interest payment to Retirement System of Alabama (RSA) and notified investors that it might have to file for bankruptcy. Luxury movie theater company IPIC Entertainment (Nasdaq: IPIC) has filed for Chapter 11 bankruptcy in the United States Bankruptcy Court District of Delaware where it will seek approval of either a sale or financial reorganization plan. Least 15 minutes stock quote data powered by Ticker Technologies, and Mergent.Posted on Augby Alex Tostado in Company News, Florida, Retail, SoutheastīOCA RATON, FLA. Video widget and market videos powered by Market News Video. By visiting, using or viewing this site, youĪgree to the following Full Disclaimer & Terms of Use and Liable for any loss or damage caused by your reliance on information obtained. its subsidiaries, partners, officers, employees, affiliates, or agents be held All viewers agree that under noĬircumstances will BNK Invest, Inc. Transaction, or investment strategy is suitable for any specific person. None of the information contained herein constitutes a recommendation that any particular security, portfolio, or any of its affiliates, subsidiaries or partners. Nothing in Shares Outstanding is intended to be investment advice, nor does it represent the opinion of, counselįrom, or recommendations by BNK Invest Inc. Get the latest iPic Entertainment Inc (IPIC) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. With this page we aim to empower investors researching IPIC by allowing them to research IPIC shares outstanding historyĪs well as any other stock in our coverage universe.Ĭopyright © 2017 - 2022, All Rights Reserved Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies.įurthermore, via issuance of new shares over time, or the repurchase of existing shares, the number of shares outstanding can fluctuate over the course of history. Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading atĪ price of $20 per share and think the latter company is worth twice as much. Understanding the changing numbers of IPIC shares outstanding - andĬomprehending the concept of differing number of shares outstanding in general comparing companies like IPIC versus peers. We show 7 historical shares outstanding datapoints in our coverage of IPIC's shares outstanding history. Co.'s Tuck Hospitality Group operates five different and restaurant brands: City Perch Kitchen + Bar, which is a social seasonal American dining destination concept featuring locally-sourced ingredients with selections that include appetizers, just-picked vegetables, salads and main courses from spit-roasted chickens to charbroiled steaks Tanzy, which provides artisanal Italian cuisine The Tuck Room, which is a spirited drinking and dining den concept The Tuck Room Tavern, which is a dining and drinking den and iPic Express, which is a theater concession stand. Pic Entertainment manages movie theaters and restaurants across the U.S.
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