The latest announcement is out from Miniluxe Holding Corp. ( (TSE:MNLX) ).
MiniLuxe Holding Corp. has announced a series of capital-enhancing transactions totaling USD $3.675 million, including a new investment from Flow Capital. This move involves refinancing existing term debt, converting convertible notes into equity, and issuing warrants to Flow Capital, which will extend the maturity of existing loans to 2028. These actions are expected to double the company’s cash-on-hand by the end of 2024 and reduce overall debt by approximately 30%, thereby strengthening its financial position and providing greater flexibility in capital use.
More about Miniluxe Holding Corp.
MiniLuxe Holding Corp. operates in the beauty and personal care industry, focusing on providing nail and beauty services. The company is known for its high-quality service offerings and aims to enhance its market presence through strategic financial maneuvers.
YTD Price Performance: 20.0%
Average Trading Volume: 16,530
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$91.91M
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