MoviePass May Be a Separate Public Company on Nasdaq

(Bloomberg) -- MoviePass’s parent company Helios and Matheson Analytics says the board has approved a preliminary plan to spin off MoviePass as a separate public company, and plans to seek to list it on Nasdaq or an alternate trading market.

• Helios would create a new subsidiary named MoviePass Entertainment Holdings
  • New company would contain the following four assets: shares of common stock of MoviePass, the membership interests of MoviePass Films, the membership interests of MoviePass Ventures and Moviefone
• Helios acquired control of MoviePass in December 2017
• Helios plans to distribute a minority of the outstanding shares of MoviePass Entertainment common stock as a dividend to stockholders of HMNY if permitted by law
• NOTE: Oct. 18, N.Y. Attorney General Investigating MoviePass Parent Helios
• HMNY Shares down 100% YTD

To contact the reporter on this story: Yueqi Yang in New York at yyang492@bloomberg.net

To contact the editor responsible for this story: Chakradhar Adusumilli at cadusumilli@bloomberg.net

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