MiniLuxe Secures Up to US$1.75 Million Follow-On Financing from Flow Capital

Miniluxe Holding Corp. ( (TSE:MNLX) ) has provided an update.

MiniLuxe Holding Corp. has secured a follow-on investment of up to US$1.75 million from Flow Capital Corporation under its existing term loan, increasing the total available facility to approximately US$7.93 million. The initial advance of US$1.35 million has been funded, with a further US$400,000 contingent on meeting financing milestones, and the company plans to deploy the capital to support growth initiatives and general operations after 11 consecutive quarters of unit economic improvement.

As part of the financing, MiniLuxe will issue Flow Capital warrants for 687,234 Subordinate Voting Shares, with strike prices of US$0.59 and US$0.96 and an expiry aligned with the loan’s April 30, 2028 maturity. The refinancing, which remains subject to final TSX Venture Exchange approval, underscores MiniLuxe’s efforts to strengthen its balance sheet and fund expansion as it pursues a larger role in the fragmented, under-regulated self-care and nail care market.

More about Miniluxe Holding Corp.

MiniLuxe Holding Corp. is a Boston-based lifestyle brand and talent empowerment platform focused on the beauty and self-care industry, specializing in high-quality, clean nail care and esthetic services. The company operates owned-and-operated studios using its proprietary products and seeks to raise industry standards through healthier, ultra-hygienic services, socially responsible labor practices, and a technology platform aimed at empowering a diverse hourly workforce.

Average Trading Volume: 2,429

Technical Sentiment Signal: Sell

Current Market Cap: C$46.88M

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