Helios + Matheson

Canaccord Genuity acts as Sole Placement Agent on $60M Convertible Notes PIPE transaction for Helios and Matheson Analytics Inc. 

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, today announced that it has entered into a securities purchase agreement with an institutional investor for HMNY to issue convertible notes in the aggregate principal amount of $60 million (the “Notes”). The net proceeds from the issuance of the Notes will be used for general corporate purposes. The Notes will be convertible, at the option of the holder, at a fixed conversion price of $11.44, subject to adjustment. The investors paid for the Notes with $25 million in cash up front and $35 million in investor notes payable to HMNY (the “Investor Notes”).

Helios and Matheson Analytics Inc. (Nasdaq: HMNY) is a provider of information technology services and solutions, offering a range of technology platforms focusing on big data, artificial intelligence, business intelligence, social listening, and consumer-centric technology. HMNY owns a majority interest in MoviePass Inc., the nation's premier movie-theater subscription service. HMNY’s holdings include RedZone Map™, a safety and navigation app for iOS and Android users, and a community-based ecosystem that features a socially empowered safety map app that enhances mobile GPS navigation using advanced proprietary technology. HMNY is headquartered in New York, NY, and listed on the Nasdaq Capital Market under the symbol HMNY. 

Canaccord Genuity acted as sole placement agent to Helios and Matheson Analytics, Inc. in connection with the transaction. The Canaccord Genuity team for these transactions included Jennifer Pardi, Brian O’Connor, Jason Partenza, Jonathan Barry and Mike Wright.