Helios and Matheson Analytics Inc (HMNY)

[~ Blue ~]

This is huge: Lowe said MoviePass has opted not to take on any more funding from Helios.

At the same time, Lowe is working to spin off MoviePass from Helios & Matheson. He said that Helios will continue to own an equity stake in the new company, but did not reveal if the new entity would be publicly traded or privately held. As those plans are being hatched, Lowe said MoviePass has opted not to take on any more funding from Helios.

“We know this is going to take a long time, but from a financial standpoint, from a team standpoint, we’re committed to taking the long-haul marathon approach,” he said. “Our big goal over the last few months was to not put a drain on Helios’ funding.”


https://variety.com/2018/film/news/moviepass-new-pricing-plans-mitch-lowe-1203081461/


confirmed with PR as well.

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The ATM offering has terminated and, as a result, Helios is no longer using an ATM offering to raise capital and has not used the ATM since August 27, 2018.

https://www.businesswire.com/news/home/20181115005542/en/