Helios and Matheson tanks on $1.2 bln mixed shelf offering plan

Helios and Matheson Analytics

02/07/2018 14:15

** MoviePass owner's shares fall 17.9 pct to $0.25 in busy
trading ahead of opening bell 
    ** Co files mixed shelf offering of up to $1.2 bln with U.S.
SEC  urn:newsml:reuters.com:*:nBw2CfzxSa
    ** Says it may offer and sell, from time to time, up to $1.2
billion of a variety of its equity and debt securities over a
period of three years
    ** Plans to use part of its proceeds to support MoviePass
operations
    ** HMNY has nearly halved in value since start of the year,
company valued at $15.38 mln as of Friday's close 

 (Reporting by Sruthi Shankar in Bengaluru)
 ((RM: sruthi.shankar.reuters.com@reuters.net))