Helios and Matheson Analytics Announces Proposed Public Offering of Common Stock and Warrants
July 10 2018 - 4:01PM
Business Wire
Helios and Matheson Analytics Inc. (Nasdaq: HMNY) (“HMNY”), a
provider of information technology services and solutions and the
92% 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 to purchase shares of common
stock are being offered as units. 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 may use the net proceeds from
this offering for general corporate purposes of HMNY and its
subsidiaries and transaction expenses.
Canaccord Genuity LLC is acting as sole book-running manager for
the offering. Palladium Capital Advisors, LLC is acting as a
financial advisor in connection with 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 LLC, 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. (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 approximately 92% of the outstanding shares
(excluding options and warrants) of 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 at www.hmny.com.
About MoviePass
MoviePass Inc. is a technology company dedicated to enhancing
the exploration of cinema. As the nation's premier movie-theater
subscription service, MoviePass provides film enthusiasts the
ability to attend up to one movie per day for a low subscription
price. The service, now accepted at more than 91% of theaters
across the United States, is the nation's largest theater network.
For more information, 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, 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, the ability to complete this
offering and generate the net proceeds necessary for HMNY to
complete its business objectives) 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: https://www.businesswire.com/news/home/20180710006000/en/
HMNY Contact:Stephanie Goldman/Mark Havenner, 310-556-4443The
Pollack PR Marketing Groupsgoldman@ppmgcorp.com /
mhavenner@ppmgcorp.comorMoviePass Contact:LaunchSquad for
MoviePassGavin Skillman, 212-564-3665moviepass@launchsquad.com
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