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An announcement from Miniluxe Holding Corp. ( (TSE:MNLX) ) is now available.
MiniLuxe Holding Corp. announced that its shareholders have approved amendments to the company’s equity incentive plan, converting it from a rolling 10% structure to a fixed plan that allows for equity awards representing up to 20% of outstanding shares. The changes, which increase the pool to 33,493,526 shares, are designed to expand the company’s capacity to offer equity-based compensation, potentially enhancing its ability to attract, retain, and incentivize talent as it pursues growth and further consolidates its position in the clean nail care and self-care market.
More about Miniluxe Holding Corp.
MiniLuxe Holding Corp., based in Boston, is a lifestyle brand and talent empowerment platform in the beauty and self-care industry, specializing in high-quality nail care and esthetic services delivered through owned-and-operated studios and proprietary “clean” nail and beauty products. Positioning itself as a pioneer in hygienic, socially responsible, and technology-enabled nail services, the company aims to modernize and consolidate a fragmented, under-regulated sector while offering career development, economic mobility, and equity participation opportunities to a diverse hourly workforce.
Average Trading Volume: 16,621
Technical Sentiment Signal: Sell
Current Market Cap: C$50.24M
See more data about MNLX stock on TipRanks’ Stock Analysis page.