Helios and Matheson Analytics Inc. (NasdaqCM:HMNY) announced a private placement of a demand note of $5,000,000 on July 27, 2018. The transaction will include participation from an existing lender, Hudson Bay Master Fund Ltd, a fund managed by Hudson Bay Capital Management LP. The note is issued at an original discount of 19.354838%, for gross proceeds of $6,200,000. There is no additional interest will accrue under the demand note aside from any late charges on the failure to pay outstanding amounts under the demand note.