Mimedia Holdings arranges $6-million private placement

Executive Summary

• Mimedia Holdings Inc. announced a non-brokered private placement of up to 24 million subordinate voting shares at $0.25 per share, targeting gross proceeds of up to $6 million.
• The company entered into a strategic business development partnership with Credico, an international sales and customer acquisition firm, to leverage Mimedia’s platform globally for Credico’s clients.
• Credico’s founders are expected to invest a majority of the new offering, aligning their interests with Mimedia’s growth in 2026.

Key Details

• Financing Structure: Non-brokered private placement of up to 24,000,000 subordinate voting shares.
• Price: $0.25 per share.
• Gross Proceeds: Up to $6,000,000.
• Use of Proceeds: Support growth initiatives, operations, and general working capital.
• Strategic Partnership: Mimedia partnered with Credico to make its platform available to Credico’s global client base (telecommunications, energy, and non-profit sectors).
• Key Investor: Credico’s founders are anticipated to invest a majority of the new offering.
• Regulatory Conditions: Subject to TSX Venture Exchange approval and other necessary regulatory approvals.
• Hold Period: All securities issued are subject to a statutory four-month hold period from issuance.
• Finder’s Fees: The company may pay finders' fees to eligible parties assisting in introducing subscribers, subject to securities laws and TSX-V policies.

Notable Quotes

• Credico Co-Founder: "My partner and I are excited to be investing in Mimedia and forming a broader business development partnership between our two companies -- Credico and Mimedia. We believe the market opportunity for our partnership is significant... Mimedia's offering is the best independent platform we have seen in this market and we are confident that the Mimedia platform can deliver impactful recurring revenue and margin growth to our Telco clients."
• Chris Giordano, CEO of Mimedia: "We are thrilled to announce this offering and new business development partnership, both aimed to fuel exciting growth opportunities for Mimedia in 2026. We are also honoured to have some of Credico's founders join our team as investors. We cannot wait to start targeting together the high number of new potential partnerships both teams see ahead."