HELIOS AND MATHESON ANALYTICS INC. (NASDAQ:HMNY) Files An 8-K Entry into a Material Definitive AgreementItem 1.01.
(iii) consent to the Company obtaining non-convertible senior secured debt financing from a qualified bank in an amount not less than $20 million and not more than $100 million while the August Notes remain outstanding;
(iv) defer the Company’s obligation to pay any interest under the August Notes until the earlier to occur of (x) each conversion of the August Notes, solely with respect to the portion of interest included in the applicable conversion amount, (y) each redemption of the August Notes, solely with respect to the portion of interest included in the applicable redemption amount, and (z) the maturity date of the August Notes; and
(v) waive any and all Events of Default (as defined in the August Notes) prior to the date of the Third Exchange Agreement.
The Third Exchange Agreement also includes standard representations and warranties made by the Company for the benefit of the Investor.
The above discussion does not purport to be a complete description of the Third Exchange Agreement described in this Current Report and is qualified in its entirety by reference to the full text of such document. Such document is attached as an exhibit to this Current Report and is incorporated herein by reference.
| Item 3.02. | Unregistered Sales of Equity Securities. |
The information included in Item 1.01 of this Current Report is hereby incorporated by reference into this Item 3.02. The Company relied on Section 4(a)(2) of the Securities Act of 1933, as amended, for the sale of the Exchange Securities, inasmuch as the Investor is an accredited investor and neither the Company nor any person acting on its behalf offered or sold the securities by any form of general solicitation or general advertising.
| Item 9.01. | Financial Statements and Exhibits. |
See the Exhibit Index set forth below for a list of exhibits included with this Current Report.
Helios & Matheson Analytics Inc. ExhibitEX-10.1 2 f8k102317ex10-1_heliosand.htm THIRD AMENDMENT AND EXCHANGE AGREEMENT Exhibit 10.1 THIRD AMENDMENT AND EXCHANGE AGREEMENT This Amendment and Exchange Agreement (the “Agreement”) is entered into as of the 23rd day of October,…To view the full exhibit click here
About HELIOS AND MATHESON ANALYTICS INC. (NASDAQ:HMNY)
Helios and Matheson Analytics Inc. is an information technology services company. The Company offers its clients a suite of services of predictive analytics with technology. The Company provides offerings in the areas of application value management, application development, integration, independent validation, infrastructure and information management, and analytics services. The Company offers an integrated service of Big Data technology, analytics, domain knowledge in the areas of financial services and healthcare, including data visualization. The Company’s clients operate in a range of industries with a concentration in the banking, financial services, insurance and healthcare industries.
