MoviePass' Parent Company Just Bought Itself More Time to Live, But It's Still in Imminent Danger of Being Kicked off the Stock Exchanges
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- Helios and Matheson, the parent company of MoviePass, reached an agreement with its creditors Tuesday to reduce its outstanding debt.
- The move also will eliminate all of its outstanding convertible notes and replace them with non-convertible notes.
- By eliminating its convertible notes, the company freed itself up to sell potentially billions of new shares of stock.
- But the move comes on the same day that the Nasdaq could delist Helios and Matheson's stock...