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MiMedia Holdings Inc ( (TSE:MIM) ) has shared an announcement.
MiMedia Holdings Inc. has successfully closed a private placement offering of unsecured convertible debenture units, raising C$3,872,000. This financing will support the company’s working capital and corporate purposes, including anticipated deployments with telecom and OEM partners in the US, Mexico, and Europe. The offering, subject to final approval by the TSX Venture Exchange, will aid MiMedia in executing its strategic plans and potentially enhance its market position by leveraging partnerships and expanding its global footprint.
More about MiMedia Holdings Inc
MiMedia Holdings Inc. offers a next-generation consumer cloud platform that secures personal media in the cloud, accessible across all devices and operating systems. The platform is distinguished by its rich media experience, organization tools, and private sharing features, which enhance content re-engagement. MiMedia collaborates with smartphone manufacturers and telecom carriers worldwide, providing them with recurring revenue streams, improved customer retention, and market differentiation.
Average Trading Volume: 137,483
Technical Sentiment Signal: Buy
Current Market Cap: C$43.57M
See more data about MIM stock on TipRanks’ Stock Analysis page.