Helios + Matheson
Canaccord Genuity acts as Sole Book-Running Manager on US$30 million follow-on offering of common stock for Helios and Matheson Analytics Inc.
Canaccord Genuity is pleased to announce that on April 23, 2018, it acted as sole book-running manager on the US$30 million follow-on offering of common stock for Helios and Matheson Analytics Inc. (NASDAQ: 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. The proceeds of the offering will be used 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 transaction follows the successful closing in February of a $150 million best efforts public offering of common stock and warrants, January of a $60 million convertible note PIPE transaction, December 2017 $60 million follow on offering and the November 2017 $100 million convertible note PIPE transaction.
The Canaccord Genuity team included Brian O’Connor, Jen Pardi, Jason Partenza, Mike Wright, Jon Barry and Gavin Millay.
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