Helios and Matheson Analytics Announces Proposed Public Offering of Common Stock and Warrants
February 12 2018 - 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 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 to increase the Company’s ownership stake in
MoviePass or to support the operations of MoviePass and MoviePass
Ventures; to satisfy a portion or all of the amounts payable in
connection with previously issued convertible notes; and for
general corporate purposes and transaction expenses. The Company
may also use the proceeds to make other acquisitions.
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Helios and Matheson Analytics announces
proposed public offering of common stock and warrants (Photo:
Business Wire)
Canaccord Genuity is acting as sole book-running manager and
Maxim Group LLC is acting as co-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 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 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 one movie per day for a low fixed 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, 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, 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: http://www.businesswire.com/news/home/20180212006228/en/
The Pollack PR Marketing GroupHMNY Contact:Stephanie Goldman /
Mark Havenner, 310-556-4443sgoldman@ppmgcorp.com /
mhavenner@ppmgcorp.comorLaunchSquad for MoviePassMoviePass
Contact:Gavin Skillman, 212-564-3665gavin@launchsquad.com
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