Helios and Matheson Analytics Inc. Announces 1-for-250 Reverse Stock Split

NEW YORK--(BUSINESS WIRE)--Helios and Matheson Analytics Inc. (Nasdaq: HMNY) (“HMNY” or the “Company”), a provider of information technology services and solutions and the 92% owner of MoviePass Inc. (“MoviePass”), the nation’s premier movie-theater subscription service, today announced that the Company will effect a reverse stock split of its issued and outstanding common stock. At a special meeting of stockholders held on July 23, 2018, shareholders approved an amendment to the Company’s Certificate of Incorporation to effect a one-time reverse stock split of its common stock, at a ratio of 1 share-for-2 shares up to a ratio of 1 share-for-250 shares, such ratio to be selected by its Board of Directors.