Helios and Matheson Analytics Inc. Announces $5.4 Million Registered Direct Offering Priced At-the-Market

NEW YORK--(BUSINESS WIRE)--Helios and Matheson Analytics Inc. (Nasdaq: HMNY) (“Helios”), a provider of information technology services and solutions and the 92% owner of MoviePass Inc., today announced that it has entered into definitive agreements with certain institutional investors for the purchase of 333,333,334 common units for aggregate gross proceeds of approximately $5.4 million in a registered direct offering priced at-the-market. Helios is offering the common units at a price of $0.0163 per unit. Each common unit consists of (i) one share of common stock, (ii) one warrant to purchase one share of common stock at an exercise price of $0.0163 per share (the “Series C Warrants”), (iii) one warrant to purchase one share of common stock at an exercise price of $0.0163 per share (the “Series D Warrants”), and (iv) one warrant to purchase one share of common stock at an exercise price of $1.00 per share (the “Series E Warrants” and collectively with the Series C Warrants and the Series D Warrants, the “Warrants”). The Warrants are not exercisable until six months after the date of the closing. From that initial exercisable date, the Series C Warrants will have an exercise term of five years and the Series D Warrants and the Series E Warrants will have an exercise term of one year.