Helios and Matheson Analytics Announces Pricing of $60 Million Public Offering
December 13 2017 - 7:35AM
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 the pricing of
a best efforts underwritten public offering of an aggregate of
8,261,539 Series A units (the “Series A
Units”), with each Series A Unit consisting of (i) one share
of the Company’s common stock, par value $0.01 per share (the
“Common Stock”), and (ii) one Series A
Warrant to purchase one share of Common Stock (the “Series A Warrants”); and (B) 969,230 Series B
units (the “Series B Units”, and
together with the Series A Units, the “Units”), with each Series B Unit consisting of (i)
one pre-funded Series B Warrant to purchase one share of Common
Stock (the “Series B Warrants”, and
together with the Series A Warrants, the “Warrants”) and (ii) one Series A Warrant, with
anticipated gross proceeds of approximately $60 million, before
deducting underwriting discounts and commissions and estimated
offering expenses payable by HMNY. HMNY is offering the Units at a
price of $6.50 per Unit. All of the Units are being offered by
HMNY. The shares of Common Stock (the “Shares”) and the Warrants will be issued
separately. The Series A Warrants will be initially exercisable on
the first trading day following the one year anniversary of the
date of issuance and will expire five years from the date such
Series A Warrants are first exercisable at an exercise price of
$7.25 per share. The Series B Warrant will be exercisable at any
time on or after the issuance date until the five-year anniversary
of the date of issuance. There is no established public trading
market for the Warrants and HMNY does not expect a market to
develop in the future. The offering is expected to close on or
about December 15, 2017, subject to customary closing conditions.
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.
This press release features multimedia. View
the full release here:
http://www.businesswire.com/news/home/20171213005572/en/
Helios and Matheson Analytics Announces
Pricing of $60 Million Public Offering (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 acted as a financial advisor in connection
with the offering.
The Units, the Shares, the Warrants and the shares of Common
Stock underlying the Series B 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 has been filed with the SEC and is available for free on
the SEC’s website at www.sec.gov.
Copies of the final prospectus supplement and accompanying
prospectus relating to the offering will be filed with the SEC and
will be available on the SEC’s web site at www.sec.gov. Copies of the final 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
filed with the SEC, 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171213005572/en/
The Pollack PR Marketing GroupInvestor Contact:Stephanie
Goldman/Mark Havenner, 310-556-4443sgoldman@ppmgcorp.com / mhavenner@ppmgcorp.com
Helios and Matheson Anal... (CE) (USOTC:HMNY)
Historical Stock Chart
From Mar 2024 to Apr 2024
Helios and Matheson Anal... (CE) (USOTC:HMNY)
Historical Stock Chart
From Apr 2023 to Apr 2024