Miniluxe Holding Corp. (TSE:MNLX) has released an update.
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MiniLuxe Holding Corp. has issued 3 million stock options to its leadership team as a cash compensation alternative, aligning executives’ interests with those of shareholders and continuing the company’s strategy of reducing cash burn. This move follows a significant reduction in spending and improved operating cash flow, underpinned by the company’s successful restructuring efforts and increased revenue from its core business.
For further insights into TSE:MNLX stock, check out TipRanks’ Stock Analysis page.
