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MiMedia Holdings Inc ( (TSE:MIM) ) has issued an announcement.
MiMedia Holdings Inc. has announced that it will settle its December 31, 2025 interest payment on its outstanding 10% and 12.5% unsecured convertible debentures in subordinate voting shares, subject to approval from the TSX Venture Exchange. The company will issue shares equivalent to approximately $405,777 in aggregate interest, with the number of shares per debenture holder determined by the market price of the subordinate voting shares on December 31, 2025, a move that preserves cash while modestly diluting equity holders and underscores its continued reliance on equity-linked financing to support operations.
More about MiMedia Holdings Inc
MiMedia Holdings Inc. is a provider of a next-generation consumer cloud platform that allows users to securely store and access personal media in the cloud across all devices and operating systems. The platform differentiates itself through a rich media experience, advanced organization tools, private sharing features and functions that drive content re-engagement, and it partners with smartphone manufacturers and telecom carriers worldwide to deliver recurring revenue, improved customer retention and market differentiation, serving millions of users globally.
Average Trading Volume: 95,327
Technical Sentiment Signal: Hold
Current Market Cap: C$31.65M
See more data about MIM stock on TipRanks’ Stock Analysis page.