Miivo Announces $3.75 Million Unit Financing with Overallotment Option

Executive Summary

• Miivo Holdings Corp. announced a non‑brokered private placement for up to 7,500,000 units at $0.50 per unit, potentially increasing to 8,000,000 units for total gross proceeds of up to $4.0 million.
• Each unit consists of one common share and half a warrant (each whole warrant allows purchase of one additional share at $0.75 for 18 months).
• Proceeds will be used primarily to market the AI‑CFO platform internationally and for general working capital, supporting rapid growth of its SME customer base.

Key Details

• Units Offered: Up to 7,500,000 (initial) + optional up to 500,000 additional units.
• Price per Unit: $0.50 → Maximum initial gross proceeds: $3,750,000.
• Potential Total Gross Proceeds: $4,000,000 if the extra 500,000 units are sold.
• Unit Composition:
• 1 common share of Miivo Holdings Corp.
• ½ warrant (each whole warrant gives the holder the right to purchase one additional share at $0.75).
• Warrant Terms: Exercise price $0.75 per share; exercisable for 18 months from issuance.
• Hold Period: All shares and warrants issued in the units are subject to a lock‑up of four months and one day from issuance.
• Use of Proceeds:
• Marketing the AI‑CFO platform in additional countries (e.g., North America, UAE, India).
• General working capital.
• Regulatory Conditions: Subject to TSX Venture Exchange approval and other required securities approvals.
• Finder’s Fees/Commissions: May be paid on a portion of the offering, subject to exchange policies and applicable legislation.
• Related‑Party Participation: Insiders may participate; transaction qualifies as a related‑party transaction under MI 61‑101 but is expected to be exempt from formal valuation and minority‑shareholder approval requirements.

Notable Quotes

“Since our launch in November and with minimal marketing expense, we have over 1,000 users signed up and are rapidly growing our paying subscriber base… We intend to use a majority of the proceeds of this offering to aggressively enter the multibillion SME market in North America.” – Alexander Damouni, CEO

“We have updated our website and investor presentation and encourage anyone to sign up to the AI CFO platform on our new website…” – Rabih Brair, CFO