Entering text into the input field will update the search result below

Helios and Matheson Analytics up 41% on MoviePass acquisition

Aug. 15, 2017 9:17 AM ETHelios and Matheson Analytics Inc. (HMNY) StockBy: Gaurav Batavia, SA News Editor
  • Helios and Matheson Analytics (OTCPK:HMNY) is up +41.6% premarket on acquiring a majority stake in MoviePass which is led by Netflix co-founder Mitch Lowe.
  • MoviePass app has launched $9.95 no-contract monthly movie theater subscription program. "I believe the technology platforms that Helios and Matheson has built over the years are a perfect fit for the MoviePass family," said chairman and CEO Ted Farnsworth.
  • The closing of the transaction is conditioned upon HMNY consummating an equity or equity-linked financing transaction with aggregate gross proceeds of at least $10M and other material conditions.
  • Following the closing of this transaction, MoviePass will apply for listing and seek to begin trading on the Nasdaq Stock Market or the NYSE by March 31, 2018.
  • See important disclosures.

Recommended For You

More Trending News

About HMNY Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
HMNY--
Helios and Matheson Analytics Inc.