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MiMedia Holdings Inc ( (TSE:MIM) ) just unveiled an update.
MiMedia Holdings Inc. announced that it will settle its June 30th interest payment on its 10% Unsecured Convertible Debentures in Subordinate Voting Shares, subject to TSX Venture Exchange approval. This decision involves issuing shares to debenture holders based on the market price, impacting approximately $220,750 in interest. This move reflects MiMedia’s strategic financial management and may influence its market positioning by leveraging equity to manage debt obligations.
More about MiMedia Holdings Inc
MiMedia Holdings Inc. provides 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 capabilities, partnering with smartphone makers and telecom carriers globally to enhance customer retention and create recurring revenue streams.
Average Trading Volume: 139,057
Technical Sentiment Signal: Buy
Current Market Cap: C$44.53M
For detailed information about MIM stock, go to TipRanks’ Stock Analysis page.