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An announcement from Miniluxe Holding Corp. ( (TSE:MNLX) ) is now available.
MiniLuxe Holding Corp. has announced a proposed shares for debt settlement with Cue Ball Capital, LLC, intending to issue 345,000 Class A subordinate voting shares at CAD$0.40 per share to settle approximately USD$100,000 in debt. This transaction, subject to customary closing conditions and TSX Venture Exchange approval, is considered a related party transaction but is exempt from certain valuation and minority approval requirements. The move is part of MiniLuxe’s strategy to manage its financial obligations while continuing to focus on its mission to elevate industry standards and empower beauty professionals.
More about Miniluxe Holding Corp.
MiniLuxe, based in Boston, Massachusetts, is a lifestyle brand and talent empowerment platform in the beauty and self-care industry. The company specializes in high-quality nail care and esthetic services, offering proprietary products and focusing on healthier, ultra-hygienic services. MiniLuxe aims to transform the fragmented self-care and nail care industry through its brand, standards, and technology platform, providing better experiences for both clients and beauty professionals.
Average Trading Volume: 21,654
Technical Sentiment Signal: Sell
Current Market Cap: C$66.98M
See more insights into MNLX stock on TipRanks’ Stock Analysis page.