Helios and Matheson Analytics Inc. announced today that, since August 15, 2017, it has received aggregate gross cash proceeds of approximately $12.8 million from the holder of its senior secured convertible notes, thereby satisfying the $10 million financing condition to HMNY’s pending acquisition of a majority stake in MoviePass Inc. (“MoviePass”), which was announced in August 2017. HMNY also announced that it has agreed to increase the purchase price for its stake in MoviePass from $27 million to $28.5 million, which will increase its ownership stake in MoviePass from 53% to 53.71% upon the closing of the transaction.

“I look forward to this conference for many reasons,” said Mitch Lowe. “Speaking with these well-entrenched entertainment executives will be both a pleasure and an honor, and learning what they foresee for this often surprising and ever-evolving industry is sure to help MoviePass remain in the forefront of this exciting revolution.”