Helios and Matheson Analytics Announces At-the-Market Equity Offering Facility
19 April 2018 - 7:05AM
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, entered into an At-the-Market
(ATM) equity offering sales agreement with Canaccord Genuity LLC,
on April 18, 2018, under which HMNY may, from time to time, offer
and sell shares of its common stock having an aggregate value of up
to $150 million through Canaccord Genuity. 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 any 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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the full release here:
https://www.businesswire.com/news/home/20180418006507/en/
Helios and Matheson Analytics announces
At-the-Market equity offering facility (Photo: Business Wire)
Under the ATM equity offering sales agreement, sales of common
stock, if any, through Canaccord Genuity, will be made by means of
ordinary brokers' transactions, in privately negotiated
transactions, or otherwise, at market prices prevailing at the time
of sales, prices related to prevailing market prices or negotiated
prices.
The shares of common stock 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 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 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 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180418006507/en/
HMNY Contact:The Pollack PR Marketing GroupStephanie Goldman /
Mark Havenner, 310-556-4443sgoldman@ppmgcorp.com /
mhavenner@ppmgcorp.comorMoviePass Contact:LaunchSquad for
MoviePassGavin Skillman, 212-564-3665gavin@launchsquad.com
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