Use our mobile site at: m.ITbriefing.net    Follow ITbriefing.net: Follow ITbriefing on Twitter   Follow ITbriefing via Facebook   Follow ITbriefing via RSS 
Helios and Matheson Analytics Announces Pricing of $105 Million Public Offering


 Tags:   News: IT at home                This was published: 13 Feb 2018 - 01:46 pm         Print article: Printer friendly page
          

Helios and Matheson Analytics Announces Pricing of $105 Million Public Offering - on DefenceBriefing.net

Helios and Matheson Analytics Inc. (NASDAQ-NMS: 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 7,425,000 Series A-1 units (the “Series A-1 Units”), with each Series A-1 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-1 Warrant to purchase one share of Common Stock (the “Series A-1 Warrants”); and 11,675,000 Series B-1 units (the “Series B-1 Units”, and together with the Series A-1 Units, the “Units”), with each Series B-1 Unit consisting of (i) one pre-funded Series B-1 Warrant to purchase one share of Common Stock (the “Series B-1 Warrants”, and together with the Series A-1 Warrants, the “Warrants”) and (ii) one Series A-1 Warrant, with anticipated gross proceeds of approximately $ 105 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by HMNY. HMNY is offering the Units at a price of $5.50 per Unit. All of the Units are being offered by HMNY. The shares of common stock and warrants will be issued separately. The Warrants will be exercisable at any time on or after the issuance date until the five-year anniversary of the issuance date. Each Series A-1 Warrant will be exercisable at a price of $6.50 per share of common stock. Each Series B-1 Warrant will have an aggregate exercise price of $5.50 per share of common stock, all of which will be pre-funded except for a nominal exercise price of $0.001 per share of common stock. 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 February 15, 2018, subject to customary closing conditions. 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 the 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.



This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180213005873/en/

Helios and Matheson Analytics announces pricing of $105 Million public offering

Helios and Matheson Analytics announces pricing of $105 Million public offering

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 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.

Article source - Business Wire, all right reserved. Copyright 2018
Trademarks, logos, pictures and other items may be copyright of firms mentioned in this article.




Further information:
Organisation name:    Helios and Matheson Analytics Inc."> <Property FormalName="PrimaryTwitterHandle" Value=";@HMNYHQ1
Organisation stock symbol: NASDAQ:HMNY


Latest stock price data for NASDAQ:HMNY

 


Other related articles, tagged News: IT at home

· Global Cloud Computing Market in K-12 Education Sector - Reduced Cost of Ownership to Fuel Growth | Technavio   (02/24/18)
· WuQi Technologies is Latest Licensee of CCww’s NB-IoT UE Protocol-Stack Software   (02/24/18)
· Finland Telecoms Market Report 2018: Analysis and Outlook (2005-2025) - Trends, Drivers and Challenges - ResearchAndMarkets.com   (02/23/18)
· Global Virtual Reality Market in Education Sector - Social VR Spaces on the Rise | Technavio   (02/23/18)
· DXC Technology and Team Penske Ring Today’s NYSE Closing Bell   (02/23/18)
· Philippines Telecoms Market 2018: Analysis and Outlook Report (2005-2025) - Trends, Drivers and Challenges - ResearchAndMarkets.com   (02/23/18)
· 2018 Canada Telecoms Market Analysis and Outlook Report (2005-2025) - Trends, Drivers and Challenges - ResearchAndMarkets.com   (02/23/18)
· 2018 Egypt Telecoms Market Analysis and Outlook Report (2005-2025) - Trends, Drivers and Challenges - ResearchAndMarkets.com   (02/23/18)
· Digital Signage Software Vendor Landscape 2017 - ResearchAndMarkets.com   (02/23/18)
· 2018 South Korea Telecom Market Analysis and Outlook Report (2005-2025) - Trends, Drivers and Challenges - ResearchAndMarkets.com   (02/23/18)

>>>More articles  >>>

Latest tech videos:



· Global Cloud Computing Market in K-12 Education Sector - Reduced Cost of Ownership to Fuel Growth | Technavio (2018-02-24 19:06)
Global Cloud Computing Market in K-12 Education Sector - Reduced Cost of Ownership to Fuel Growth | Technavio - on DefenceBriefing.net

The latest market research report by Technavio on the global cloud computing market in the K-12 education sector predicts a CAGR of above 27% during the period 2018-2022.


· WuQi Technologies is Latest Licensee of CCww"s NB-IoT UE Protocol-Stack Software (2018-02-24 09:26)
WuQi Technologies is Latest Licensee of CCww’s NB-IoT UE Protocol-Stack Software - on DefenceBriefing.net

Communications Consultants Worldwide Ltd. (CCww), global innovator of 3GPP® technologies, has licensed its NB-IoT protocol-stack software to WuQi Technologies Inc., a leading global developer of highly integrated mixed-signal SoC solutions, and the latest licensee of CCww’s NB-IoT Release 13 UE protocol-stack software. Communications Consultants Worldwide (CCww) is working with WuQi Technologies for the integration of its NB-IoT protocol-stack software onto WuQi Technologies’ highly innovative SoC. This relationship, catalyzed by T2M, is enabling the production of a highly integrated, very low power, NB-IoT SoC chipset targeting IoT Smart City, Smart Home, and wearable applications.


· Global Virtual Reality Market in Education Sector - Social VR Spaces on the Rise | Technavio (2018-02-23 23:06)
Global Virtual Reality Market in Education Sector - Social VR Spaces on the Rise | Technavio - on DefenceBriefing.net

Technavio’s latest market research report on the global virtual reality market in the education sector provides an analysis of the most important trends expected to impact the market outlook from 2018-2022. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.


· DXC Technology and Team Penske Ring Today"s NYSE Closing Bell (2018-02-23 23:06)
DXC Technology and Team Penske Ring Today’s NYSE Closing Bell - on DefenceBriefing.net

Mike Lawrie, chairman, president and CEO of DXC Technology (NYSE: DXC) and Roger Penske, founder and chairman of Penske Corporation were joined by Simon Pagenaud, driver of the No. 22 Dallara / Chevrolet in the Verizon IndyCar Series to ring today’s Closing Bell® at the New York Stock Exchange (NYSE). The trio unveiled DXC Technology’s new, 2018 Indy car and marked the renewed DXC-Penske sponsorship for the 2018 INDYCAR Series season.


· Smart Glasses Market for Augmented Reality - Market Analysis and Forecast by Technavio (2018-02-23 21:06)
Smart Glasses Market for Augmented Reality - Market Analysis and Forecast by Technavio - on DefenceBriefing.net

Technavio has announced its newest market research report on the global smart glasses market for augmented reality for the period 2018-2022, which will provide the latest insights into this market.


· Global Smart Bottle Market - Surge in IoT to Propel Growth | Technavio (2018-02-23 20:46)
Global Smart Bottle Market - Surge in IoT to Propel Growth | Technavio - on DefenceBriefing.net

Technavio market research analysts forecast the global smart bottle market to grow at a CAGR of close to 15% during the period 2018-2022, according to their latest report.


· Global Embedded Analytics Market - Increasing Adoption of E-commerce to Boost Growth | Technavio (2018-02-23 20:06)
Global Embedded Analytics Market - Increasing Adoption of E-commerce to Boost Growth | Technavio - on DefenceBriefing.net

The latest market research report by Technavio on the global embedded analytics market predicts a CAGR of around 15% during the period 2018-2022.


· Harris Corporation Declares Quarterly Dividend (2018-02-23 20:06)
Harris Corporation Declares Quarterly Dividend - on DefenceBriefing.net

The Board of Directors of Harris Corporation (NYSE: HRS) has declared a quarterly cash dividend of 57 cents per share on the common stock, payable March 21, 2018, to shareholders of record March 8, 2018.




© Website copyright Incandore Limited 2012. All rights reserved. All content copyrights / trademarks remain the property of their respective owners.