Helios and Matheson Analytics Announces At-the-Market Equity Offering Facility

NEW YORK--(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.