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
Source: Reuters.com