MoviePass has made another move in its frantic attempt to stay in business.
The cash-strapped, $9.95, all-you-can-watch subscription service has taken steps to raise up to $1.2 billion via debt and equity offerings over the next three years, it said in a regulatory filing on Monday.
The cash raised will be used “for general corporate purposes,” according to Helios & Matheson Analytics, which owns MoviePass.
The news sent Helios shares — which have plunged more than 99 percent from their October high of $32.90 — down 29 percent on Monday, to 22 cents.
MoviePass, which pays full price for every ticket its 3 million-plus subscribers purchase, has been hemorrhaging money lately.
The company reported a $40 million loss in May, and expected to lose $45 million in June.
Last month, MoviePass Chief Executive Mitch Lowe told The Post the company is on track to make a profit sooner rather than later.
“We knew all along that this was going to take a lot of capital,” Lowe said. “Imagine what it would cost a brand-new service to acquire 3 million loyal, paying subscribers?”



