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MiMedia Holdings Inc ( (TSE:MIM) ) has issued an update.
MiMedia Holdings Inc. has finalized a non-brokered private placement, raising C$875,000 through the issuance of 3.5 million units. The funds are earmarked for expanding existing partnerships and pursuing new agreements. This private placement is pending final TSX Venture Exchange approval and involves a statutory hold period for securities. This strategic move is expected to bolster MiMedia’s operational capacity and position in the tech industry, potentially enhancing stakeholder value by supporting growth initiatives.
More about MiMedia Holdings Inc
MiMedia Holdings Inc. offers a cutting-edge consumer cloud platform that ensures personal media is securely stored in the cloud and easily accessible across devices and operating systems. The platform features advanced media experiences, organization tools, and private sharing options. MiMedia collaborates with global smartphone manufacturers and telecom carriers, providing them with steady revenue streams and enhanced customer loyalty, servicing millions of users worldwide.
YTD Price Performance: 26.92%
Average Trading Volume: 76,916
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$24.05M
See more insights into MIM stock on TipRanks’ Stock Analysis page.
