Strapped for cash, the company was forced to take out a $6.25 million loan to pay the merchant and fulfillment processors.
The new caps take effect August 15, though those with annual subscriptions won't be affected until their renewal date.
Red Tide kills thousands of fish in Siesta Key
Currents may push the blooms to shore and chemical conditions on the shoreline can help the algae sustain itself. Respiratory irritation and murky clumps of red drift algae have been reported from Collier to Sarasota counties.
Browns trade disappointing WR Coleman to Bills for pick
On his new team, Coleman will likely compete with Zay Jones for the No. 1 wideout position behind Kelvin Benjamin . Another recent Cleveland Browns first-round pick in the NFL Draft is no longer with the organization.
Labour's anti-Semitism row: Jeremy Corbyn apology
The stance has been backed by Mr Corbyn, who has also vowed to root out anti-semites from Labour ranks. "You are not our supporters", he said.
After weeks of chaos that's left many customers without a means to access the one-price, almost unlimited moviegoing experience they signed up for, MoviePass has announced an overhaul to its pricing and attendance offerings that dramatically dials back the one-movie-per-day promise that lured so many people to the service in the first place. The company already has a three-movie plan for $8 a month.
Just last week, the company announced that it would be upping the price of its subscription to $14.95 a month. And it will no longer enforce ticket verification, which required users to take a picture of their ticket stub and submit it to the company as a way to stop abuse of the service. "However, any industry-wide disruption like MoviePass requires a tremendous amount of testing, pivoting, and learning", MoviePass CEO Mitch Lowe said in a statement.
"I should have accelerated the process of reducing the burn faster in hindsight", he told the newspaper. The new three-movie-a-month plan also appears to have fewer restrictions on peak times or premium movies, according to the company's press release. The company approved a reverse split - a cosmetic change that boosted the stock 250-fold, back up to $21.