Helios and Matheson Analytics Inc (HMNY)

[Carolina Green]

Already pass 150,000 subscribers in a few days when they had 15 months to do so!!! I bet this hits between 500,000-1,000,000 subscribers. Once the word actually gets out it'll get well over 1 million.







Helios & Matheson Analy Files 8K - Other Events >HMNY
1 hour 14 minutes ago - DJNF


Helios & Matheson Analytics Inc. (HMNY) filed a Form 8K - Other Events - with the U.S Securities and Exchange Commission on August 18, 2017.


As previously disclosed in the Current Report on Form 8-K filed by Helios and Matheson Analytics Inc. ("HMNY") on August 15, 2017, HMNY and MoviePass Inc. ("MoviePass") entered into a Securities Purchase Agreement (the "MoviePass SPA"), pursuant to which HMNY agreed to purchase a majority stake in MoviePass for an aggregate purchase price of up to $27,000,000 (the "MoviePass Transaction").

As of the date of this Current Report, the MoviePass theater subscription service has surpassed 150,000 subscribers, achieving the subscriber milestone that MoviePass had 15 months to achieve under the MoviePass SPA following the closing of the MoviePass Transaction.

Accordingly, HMNY expects that it will become obligated to issue the Helios Milestone Shares (as defined in the MoviePass SPA) upon the closing of the MoviePass Transaction, equal to 666,667 unregistered shares of HMNY's common stock. This is in addition to the $25,000,000 base consideration to be paid by HMNY for a majority stake in MoviePass, subject to and in accordance with the conditions set forth in the MoviePass SPA.