MIAMI--(BUSINESS WIRE)--Apr. 5, 2018--
Hemisphere Media Group, Inc. (NASDAQ:HMTV) ("Hemisphere" or the
"Company"), the only publicly traded pure-play U.S. media company
targeting the high growth U.S. Hispanic and Latin American markets with
leading television and digital content platforms, today announced that
all outstanding warrants to acquire shares of its common stock have
expired in accordance with their terms on April 4, 2018 and are no
longer outstanding. Additionally, all outstanding Class A and Class B
shares that were subject to forfeiture have been forfeited as a result
of not meeting the trading price conditions as of April 4, 2018.
Forward Looking Statements
This press release may contain certain statements about Hemisphere that
are "forward-looking statements" within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. These include, but are not
limited to, statements relating to Hemisphere's future financial and
operating results (including growth and earnings), plans, objectives,
expectations and intentions and other statements that are not historical
facts. These statements are based on the current expectations of the
management of Hemisphere and are subject to uncertainty and changes in
circumstance, which may cause actual results to differ materially from
those expressed or implied in such forward-looking statements. Without
limitation, any statements preceded or followed by or that include the
words "targets," "plans," "believes," "expects," "intends," "will,"
"likely," "may," "anticipates," "estimates," "projects," "should,"
"would," "expect," "positioned," "strategy," "future," or words, phrases
or terms of similar substance or the negative thereof, are
forward-looking statements. In addition, these statements are based on a
number of assumptions that are subject to change. Factors that could
cause actual results to differ materially from those expressed or
implied by the forward-looking statements are discussed under the
heading "Risk Factors" and "Forward-Looking Statements" in Hemisphere's
most recent Annual Report on Form 10-K, filed with the Securities and
Exchange Commission ("SEC"), as they may be updated in any future
reports filed with the SEC. If one or more of these factors materialize,
or if any underlying assumptions prove incorrect, Hemisphere's actual
results, performance, or achievements may vary materially from any
future results, performance or achievements expressed or implied by
these forward-looking statements. Forward-looking statements included
herein are made as of the date hereof, and Hemisphere undertakes no
obligation to update publicly such statements to reflect subsequent
events or circumstances.
About Hemisphere Media Group, Inc.
Hemisphere Media Group, Inc. (NASDAQ:HMTV) is the only publicly traded
pure-play U.S. media company targeting the high growth U.S. Hispanic and
Latin American markets with leading broadcast and cable television and
digital content platforms. Headquartered in Miami, Florida, Hemisphere
owns and operates five leading U.S. Hispanic cable networks, two Latin
American cable networks, and the leading broadcast television network in
Puerto Rico, and has ownership interests in REMEZCLA, an influential
digital media company, Canal 1, a new broadcast television network in
Colombia and PANTAYA, a Spanish-language OTT service in the U.S.
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Source: Hemisphere Media Group, Inc.
Sloane & Company
Erica Bartsch, 212-446-1875