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MiMedia Holdings Inc ( (TSE:MIM) ) has provided an announcement.
MiMedia Holdings Inc. has issued 1,330,407 subordinate voting shares at a price of $0.305 per share to settle the interest payment due December 31, 2025 on its outstanding 10% and 12.5% unsecured convertible debentures. The share-based interest settlement, which is still subject to final TSX Venture Exchange approval, allows the company to meet its interest obligations without a cash outlay, effectively using equity to manage its balance sheet and preserve liquidity while maintaining compliance with its debenture agreements.
More about MiMedia Holdings Inc
MiMedia Holdings Inc. is a consumer cloud technology company that offers a next-generation platform for securing, organizing and accessing personal media in the cloud across devices and operating systems. Its service differentiates itself through rich media experiences, robust organizational tools, private sharing features and functionality that encourages content re-engagement. MiMedia partners with smartphone manufacturers and telecom carriers worldwide, providing them with recurring revenue opportunities, improved customer retention and product differentiation, and currently serves millions of users globally.
Average Trading Volume: 73,254
Technical Sentiment Signal: Sell
Current Market Cap: C$28.39M
For detailed information about MIM stock, go to TipRanks’ Stock Analysis page.