MiMedia Holdings Inc (TSE:MIM) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
MiMedia Holdings Inc. has announced that the upcoming interest payment due on June 30, 2024, for its 10% unsecured convertible debentures, will be paid in the form of subordinate voting shares, subject to TSX Venture Exchange approval. The exact number of shares to be distributed to each debenture holder will be calculated based on the market price on the day of payment, with a total interest payment valued at approximately $310,000. This move offers debenture holders an alternative form of compensation and aligns with the company’s innovative approach to personal media cloud services.
For further insights into TSE:MIM stock, check out TipRanks’ Stock Analysis page.
