MiniLuxe Settles Debt with Equity Issue

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

MiniLuxe Holding Corp. has successfully completed its shares for debt transaction by issuing nearly 600,000 shares at a discounted price to settle over $220,000 owed, primarily to Paintbox, LLC and some employees. The transaction is subject to a four-month hold period and is part of the company’s ongoing efforts to manage its debt while transforming the fragmented self-care industry with its high-quality beauty and nail care services.

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