Helios and Matheson’s Zone Acquisition Inc and Zone Technologies plan merger

Industry:    2016-07-13

Helios And Matheson Analytics Inc

* Cos unit, Zone Acquisition Inc. and Zone Technologies Inc., a privately held Nevada Corporation entered into plan of merger

* Pursuant to agreement, unit will merge with Zone, with Zone surviving as a wholly owned subsidiary of HMNY

* HMNY and Zone currently anticipate that merger consideration will represent approximately 33 percent of issued and outstanding HMNY common shares

* HMNY and Zone currently anticipate an equity financing of at least $5 million and up to $10 million Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780).

http://www.reuters.com/article/idUSFWN19Y02B

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