The Nasdaq cited that history in explaining why it wouldn't give Helios and Matheson a second 180-day period to get back in compliance with its listing standards, according to the regulatory document. Helios and Matheson proposed reverse splitting its stock again this fall, but it ended up abandoning the effort in the face of widespread investor opposition. Stay up-to-date on Helios and Matheson Analytics Inc (HMNY) news with the. View daily, weekly or monthly format back to when Helios and Matheson Analytics Inc. On January 28, 2020, Helios and Matheson Analytics Inc. was founded in 1982 and is headquartered in New York, New York. and changed its name to Helios and Matheson Analytics Inc. But the shares quickly plummeted below $1 a share again as the company issued and sold massive quantities of new shares to fund its ongoing losses. Leverage the Nasdaq+ Scorecard to analyze stocks based on your investment priorities and our market data. Discover historical prices for HMNY stock on Yahoo Finance. The company was formerly known as Helios and Matheson Information Technology Inc.

Nasdaq gave Helios and Matheson 180 days to boost its share price and solve the problem.Īfter getting approval from shareholders, it reverse split its stock by a 250-to-1 ratio in July, temporarily boosting its stock price above $20 a share. In June, after Helios and Matheson's stock had been below $1 a share for more than a month, the Nasdaq sent the company a letter warning that it was not in compliance with the market's listing standards. The company's stock has lost more than 99% of its value this year as its burned through more than $300 million in cash and sold off billions of shares to stay in business. Should Helios and Matheson not actually appeal the delisting decision or lose its appeal, its shares would likely end up on the over-the-counter markets where they would be more difficult to trade and would likely decline even further than they already have. Appeals are typically held within 45 days of their filing, according to the document. See the latest Helios and Matheson Analytics Inc stock price (HMNY:PINX), related news, valuation, dividends and more to help you make your investing decisions. Nasdaq's rules require it to put the delisting process on hold when a company appeals the delisting decision. It has very high probability of going through financial hardship in the upcoming years. MoviePass parent company Helios and Matheson delisted from. Helios odds of distress is above 80 at this time. Read this: MoviePass' parent company just bought itself more time to live, but it's still in imminent danger of being kicked off the stock exchanges Helios and Matheson's stock has been stuck below $1 a share What has happened to the market price of Helios and Matheson stock since the reverse stock split was implemented on July 25, 2018.

Helios and matheson stock delisted