Helios & Matheson Analytics Inc. , the majority owner of growing movie going subscription company MoviePass, filed a $400 million shelf registration with the Securities and Exchange Commission on Thursday. Shares of the data firm fell more than 5% at the open. In its filing, the company said it will, “from time to time” sell in one or more offerings up to $400 million in any combination of stock, preferred stock, warrants, units and subscription rights. Shares of Helios & Matheson have ballooned roughly 155% in the last 12 months, while the S&P 500 index is up more than 23% and the Dow Jones Industrial Average is up close to 31%.
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