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MoviePass parent Helios and Matheson to propose second reverse stock split

The board of directors of MoviePass parent Helios and Matheson Analytics Inc. plans to propose another reverse stock split of common stock at a ratio of one share for two shares up to one share for 500 shares, according to a filing accepted by the SEC on Monday. In the filing, the company HMNY-10% said the directors would make the proposal during a meeting of stockholders on October 18. The company implemented a 1-to-250 reverse stock split earlier this year in July. Shares of the company are now hovering between one and two cents, having fallen almost 100% in the year to date. The S&P 500 [s:SPX] has gained 8.2%.

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