HELIOS AND MATHESON ANALYTICS INC. (NASDAQ:HMNY) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07 Submission of Matters to a Vote of Security Holders.
On March 8, 2017, Theodore Farnsworth, Chief Executive Officer and Chairman of the Board of Directors of Helios and Matheson Analytics Inc. (the “Company”), Helios & Matheson Information Technology Ltd., of which Muralikrishna Gadiyaram, a director of the Company, is the chief executive officer, and its wholly-owned subsidiary, Helios & Matheson Inc., the owners of 1,740,000 shares, 857,149 shares and 885,891 shares, respectively, of the Company’s 5,861,191 shares of common stock issued and outstanding on that date (collectively, the “Majority Shareholders”), acting by written consent in lieu of a meeting, approved, as and to the extent required by Nasdaq Listing Rule 5635(d), the potential issuance of the Company’s common stock to two senior secured convertible promissory notes, in the aggregate principal amount of $5,681,818, which the Company sold and issued to an institutional investor in a private placement completed on February 8, 2017 and reported in a Current Report on Form 8-K filed on February 7, 2017 (the “February 7, 2017 Current Report”). The Majority Shareholders first fully executed such written consent on February 6, 2017, as reported in the February 7, 2017 Current Report, and then ratified the actions taken therein by a subsequent written consent on March 8, 2017.
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. HELIOS AND MATHESON ANALYTICS INC. (NASDAQ:HMNY) Recent Trading Information
HELIOS AND MATHESON ANALYTICS INC. (NASDAQ:HMNY) closed its last trading session down -0.10 at 2.84 with 64,577 shares trading hands.
