Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Financing moves at Helios and Matheson Analytics

Published 01/12/2018, 09:18 AM
© Reuters.  Financing moves at Helios and Matheson Analytics
  • While there's been some big splashy headlines out of Helios and Matheson Analytics (NASDAQ:HMNY) and its rapidly-expanding MoviePass property (+1.5M subscribers), the company is also making some financial moves to watch.
  • The company raised $25M in a convertible debt private-investment-in-public-equity offering purchased by funds managed by Hudson Bay Capital and $35M from an investor note. The notes will be convertible at the option of the holder at a fixed conversion price of $11.44.
  • TheStreet.com's Paul Springer points out that if the convertible debt in the deal is issued in its entirety it would cause "massive" dilution.
  • Shares of HMNY are down 2.19% premarket to $7.82.
  • Now read: MoviePass Subscriber Base Expected To Accelerate Growth In 2018 As IPO Looms


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.