MiniLuxe Expands in Dallas-Fort Worth with New Studio Acquisition

Miniluxe Holding Corp. ( (TSE:MNLX) ) just unveiled an announcement.

MiniLuxe Holding Corp. announced the issuance of 437,500 subordinate voting shares at USD $0.40 per share to acquire a new studio location in the Dallas-Fort Worth region. This acquisition aligns with MiniLuxe’s strategy of expanding through mergers and acquisitions in regions where it already has a presence. The transaction involves converting an existing salon to the MiniLuxe brand and is not considered material in terms of cash value or size. The issuance represents less than 1% of the company’s fully diluted share ownership and requires approval from the TSX Venture Exchange.

More about Miniluxe Holding Corp.

MiniLuxe Holding Corp. is a Delaware corporation based in Boston, Massachusetts, operating as a lifestyle brand and talent empowerment platform in the beauty and self-care industry. The company focuses on high-quality nail care and esthetic services, offering proprietary products in its studios. MiniLuxe aims to transform the fragmented self-care and nail care industry through elevated standards, modern design, and socially responsible practices, while providing professional development and ownership opportunities for beauty professionals.

Average Trading Volume: 24,143

Technical Sentiment Signal: Buy

Current Market Cap: C$100.2M

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