MiniLuxe Announces Follow-On Investment of up to US$1.75M from Flow Capital

Executive Summary

• Flow Capital completed a follow‑on investment of up to US $1.75 million, increasing MiniLuxe’s available term loan facility to US $7.925 million.
• An initial advance of US $1.35 million was funded at closing; an additional US $400,000 may be drawn upon achievement of financing milestones.
• MiniLuxe issued 687,234 subordinate voting share warrants (two series: 296,610 @ US $0.59 and 390,624 @ US $0.96) exercisable through April 30 2028, with a four‑month‑plus hold period.

Key Details

• Total Facility Size: Up to US $7.925 million after the new tranche.
• New Tranche Amount: Up to US $1.75 million; initial draw of US $1.35 million funded at closing.
• Potential Additional Advance: Up to US $400,000 pending financing milestones (to be announced).
• Warrant Issuance: 687,234 subordinate voting shares issued to Flow Capital:
• 296,610 warrants @ US $0.59 per share.
• 390,624 warrants @ US $0.96 per share.
• Warrant Terms: Hold period of four months and one day from issuance; expiry coincides with loan maturity on April 30 2028.
• Use of Proceeds: Fund MiniLuxe’s growth plans and general operating purposes following 11 consecutive quarters of unit‑economic improvement.
• Regulatory Status: Conditional approval by the TSX Venture Exchange; final approval pending.

Notable Quotes

(No direct quotes were provided in the release.)