Helios and Matheson Analytics Inc (HMNY)

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On October 23, 2018, the Company issued a press release announcing that its Board of Directors preliminarily approved a plan to create a new subsidiary named MoviePass Entertainment Holdings Inc. (“MoviePass Entertainment”) that would take ownership of the shares of MoviePass and other film related assets held by the Company. If permitted under Delaware law and subject to other conditions, the Company plans to distribute a minority of the outstanding shares of MoviePass Entertainment common stock as a dividend to stockholders of the Company as of a record date that is yet to be determined, with the Company retaining control of MoviePass Entertainment upon any such distribution.