MoviePass Parent’s Shares Crushed After Disclosing Pricing of Stock Sale

Helios & Matheson, which owns 92% of the MoviePass upstart movie-theater subscription service, on Thursday said the offering comprised 10.5 million shares at $2.75 per share — 28.2% below Wednesday’s stock closing price of $3.83 per share. – Todd Spangler, Variety https://ift.tt/2qLi6sP