Helios and Matheson Analytics Announces Proposed Public Offering of Common Stock and Warrants
December 12 2017 - 4:01PM
Business Wire
Helios and Matheson Analytics Inc. (Nasdaq:HMNY) (“HMNY”), a
provider of information technology services and solutions and a
majority owner of MoviePass Inc. (“MoviePass”), the nation’s
premier movie-theater subscription service, today announced that it
has commenced a best efforts underwritten public offering, subject
to market and other conditions, to issue and sell shares of its
common stock and warrants to purchase shares of its common stock.
The shares of common stock and warrants will be issued separately.
There can be no assurance as to whether or when the offering may be
completed, or to the actual size or terms of the offering. HMNY
intends to use the net proceeds from this offering to increase the
Company’s ownership stake in MoviePass or to support the MoviePass
operations; to satisfy a portion or all of the amounts payable in
connection with its outstanding convertible notes, to the extent
that they remain outstanding; and for general corporate
purposes.
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Helios and Matheson Analytics Announces
Proposed Public Offering of Common Stock and Warrants. (Photo:
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Canaccord Genuity is acting as sole book-running manager and
Maxim Group LLC is acting as co-manager for the offering.
The shares of common stock and warrants described above are
being offered pursuant to a shelf registration statement previously
filed with and declared effective by the Securities and Exchange
Commission (SEC). A preliminary prospectus supplement and
accompanying prospectus relating to the offering will be filed with
the SEC and will be available for free on the SEC’s website at
www.sec.gov. Copies of the preliminary
prospectus supplement and the accompanying prospectus relating to
the offering may also be obtained, when available, from Canaccord
Genuity Inc., Attention: Equity Syndicate Department, 99 High
Street, 12th Floor, Boston, Massachusetts 02110, by telephone at
(617) 371-3900, or by email at prospectus@canaccordgenuity.com.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any of these securities, nor will
there be any sale of these securities in any state or other
jurisdiction in which such offer, solicitation or sale is not
permitted.
About Helios and Matheson Analytics Inc.
Helios and Matheson Analytics Inc. (NASDAQ: HMNY) is a provider
of information technology services and solutions, offering a range
of technology platforms focusing on big data, artificial
intelligence, business intelligence, social listening, and
consumer-centric technology. HMNY owns a majority interest in
MoviePass Inc., the nation's premier movie-theater subscription
service. HMNY’s holdings include RedZone Map™, a safety and
navigation app for iOS and Android users, and a community-based
ecosystem that features a socially empowered safety map app that
enhances mobile GPS navigation using advanced proprietary
technology. HMNY is headquartered in New York, NY and listed on the
Nasdaq Capital Market under the symbol HMNY. For more information,
visit us www.hmny.com.
About MoviePass
MoviePass Inc. (“MoviePass”) is a technology company dedicated
to enhancing the exploration of cinema. As the nation's premier
movie-theater subscription service, MoviePass provides film
enthusiasts with a variety of subscription options to enhance their
movie-going experience. The service, now accepted at more than 91%
of theaters across the United States, is the nation's largest
theater network. Visit: www.moviepass.com.
Safe Harbor Statement
This release contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, including but not limited to statements regarding HMNY’s
expectations on the completion, timing and size of the proposed
public offering and the anticipated use of proceeds therefrom.
These forward-looking statements are subject to a number of risks,
including market conditions related to the proposed public offering
and the risk factors set forth from time to time in HMNY’s SEC
filings, including but not limited to the risks that are described
in the “Risk Factors” section of HMNY’s Annual Report on Form 10-K
for the year ended December 31, 2016 and Quarterly Report on Form
10-Q for the quarter ended September 30, 2017, and in the
preliminary prospectus supplement related to the proposed offering
to be filed with the SEC on or about the date hereof, each
available on the SEC's web site at www.sec.gov. In addition to the risks described
above and in HMNY’s other filings with the SEC, other unknown or
unpredictable factors also could affect HMNY’s results. No
forward-looking statements can be guaranteed, and actual results
(including, without limitation, any anticipations about the
benefits of HMNY’s acquisition of a majority interest in MoviePass,
or about the business and future prospects of MoviePass itself)
could differ significantly from those contemplated by the
forward-looking statements. The information in this release is
provided only as of the date of this release, and HMNY undertakes
no obligation to update any forward-looking statements contained in
this release on account of new information, future events, or
otherwise, except as required by law.
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version on businesswire.com: http://www.businesswire.com/news/home/20171212006329/en/
For Helios and Matheson Analytics Inc.Investor Contact:The
Pollack PR Marketing GroupStephanie Goldman/Mark Havenner,
310-556-4443sgoldman@ppmgcorp.com /
mhavenner@ppmgcorp.com
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