MiMedia Holdings Inc. (MIMDF) has announced it will settle its June 30th interest payment on its 10% Unsecured Convertible Debentures in Subordinate Voting Shares, subject to TSX Venture Exchange approval. The interest payment amounts to $50.00 per $1,000 principal amount of debentures, with a total aggregate interest payment of approximately $220,750. The number of shares to be issued will be calculated by dividing the interest payment by the Market Price of Subordinate Voting Shares on June 30, 2025. The record date for this interest payment is set for June 23, 2025.
MiMedia Holdings Inc. (MIMDF) ha annunciato che salderà il pagamento degli interessi del 30 giugno sui suoi Debentures Convertibili Non Garantiti al 10% in Azioni con Diritto di Voto Subordinato, soggetto all'approvazione della TSX Venture Exchange. L'importo degli interessi è di 50,00 $ per ogni 1.000 $ di valore nominale dei debentures, con un pagamento totale degli interessi di circa 220.750 $. Il numero di azioni da emettere sarà calcolato dividendo l'importo degli interessi per il prezzo di mercato delle Azioni con Diritto di Voto Subordinato al 30 giugno 2025. La data di registrazione per questo pagamento degli interessi è fissata al 23 giugno 2025.
MiMedia Holdings Inc. (MIMDF) ha anunciado que liquidará su pago de intereses del 30 de junio sobre sus Bonos Convertibles No Garantizados al 10% en Acciones con Derecho a Voto Subordinado, sujeto a la aprobación de la Bolsa de Valores TSX Venture. El pago de intereses asciende a 50,00 $ por cada 1.000 $ de monto principal de los bonos, con un pago total de intereses aproximado de 220.750 $. El número de acciones a emitir se calculará dividiendo el pago de intereses por el Precio de Mercado de las Acciones con Derecho a Voto Subordinado al 30 de junio de 2025. La fecha de registro para este pago de intereses está establecida para el 23 de junio de 2025.
MiMedia Holdings Inc. (MIMDF)는 TSX 벤처 거래소의 승인을 조건으로 10% 무담보 전환사채에 대한 6월 30일 이자 지급을 보통주 하위 의결권 주식으로 결제할 것이라고 발표했습니다. 이자 지급액은 채권 원금 1,000달러당 50.00달러이며, 총 이자 지급액은 약 220,750달러입니다. 발행할 주식 수는 2025년 6월 30일 하위 의결권 주식의 시장 가격으로 이자 지급액을 나누어 계산됩니다. 이자 지급의 기준일은 2025년 6월 23일로 설정되어 있습니다.
MiMedia Holdings Inc. (MIMDF) a annoncé qu'elle règlera son paiement d'intérêts du 30 juin sur ses débentures convertibles non garanties à 10 % en actions à droit de vote subordonné, sous réserve de l'approbation de la TSX Venture Exchange. Le paiement des intérêts s'élève à 50,00 $ pour chaque 1 000 $ de montant principal des débentures, pour un paiement total d'intérêts d'environ 220 750 $. Le nombre d'actions à émettre sera calculé en divisant le paiement des intérêts par le prix de marché des actions à droit de vote subordonné au 30 juin 2025. La date d'enregistrement pour ce paiement d'intérêts est fixée au 23 juin 2025.
MiMedia Holdings Inc. (MIMDF) hat angekündigt, dass die Zinszahlung zum 30. Juni auf ihre 10% ungesicherten Wandelanleihen in nachrangige stimmberechtigte Aktien, vorbehaltlich der Genehmigung der TSX Venture Exchange, beglichen wird. Die Zinszahlung beträgt 50,00 $ pro 1.000 $ Nennbetrag der Anleihen, mit einer gesamten Zinszahlung von etwa 220.750 $. Die Anzahl der auszugebenden Aktien wird berechnet, indem die Zinszahlung durch den Marktpreis der nachrangigen stimmberechtigten Aktien am 30. Juni 2025 geteilt wird. Das Stichtagsdatum für diese Zinszahlung ist der 23. Juni 2025.
Positive
None.
Negative
Company opts to pay interest in shares rather than cash, which could indicate cash preservation needs
Potential dilution for existing shareholders due to issuance of new shares for interest payment
New York, New York--(Newsfile Corp. - June 20, 2025) - MiMedia Holdings Inc. (TSXV: MIM) (OTCQB: MIMDF) (FSE: KH3) ("MiMedia" or the "Company") hereby gives notice to the holders of its outstanding 10% Unsecured Convertible Debentures (the "Debentures"), in accordance with Section 2.12(3) of the Convertible Debenture Indenture between the Company and Odyssey Trust Company dated March 14, 2023, as supplemented by a supplemental convertible debenture indenture dated July 20, 2023, that, subject to the approval of the TSX Venture Exchange, the Company will make its upcoming June 30th interest payment (the "Interest Payment") on the outstanding Debentures in Subordinate Voting Shares.
The number of Subordinate Voting Shares to be issued to each holder of Debentures will be determined by dividing the amount of the Interest Payment payable to such holder, being an amount equal to $50.00 for each $1,000 principal amount of Debentures, by the Market Price (as defined in TSX Venture Exchange Policy 1.1 - Interpretation) per Subordinate Voting Share on June 30, 2025. Interest in an aggregate amount of approximately $220,750 will be satisfied in Subordinate Voting Shares. The record date for the Interest Payment is June 23, 2025.
About MiMedia
MiMedia Holdings Inc. provides a next-generation consumer cloud platform that enables all types of personal media to be secured in the cloud, accessed seamlessly at any time, across all devices and on all operating systems. The company's platform differentiates with its rich media experience, robust organization tools, private sharing capabilities and features that drive content re-engagement. MiMedia partners with smartphone makers and telecom carriers globally and provides its partners with recurring revenue streams, improved customer retention and market differentiation. The platform services millions of engaged users around the world.
For further information:
Chris Giordano, or MiMedia Investor Relations, investors@mimedia.com or (888) 502-9398
Notice regarding forward-looking statements:
Certain statements in this press release constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements in this press release include statements regarding the settlement of the Interest Payment in Subordinate Voting Shares. Such forward-looking statements are based on the current expectations of management of MiMedia. Actual events and conditions could differ materially from those expressed or implied in this press release as a result of known and unknown risk factors and uncertainties affecting MiMedia, including risks regarding the industry in which MiMedia operates, economic factors, the equity markets generally and risks associated with growth and competition. Additional risk factors are also set forth in the Company's management's discussion and analysis and other filings available via the System for Electronic Document Analysis and Retrieval + (SEDAR+) under the MiMedia's profile at www.sedarplus.ca. Although MiMedia has attempted to identify certain factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. No forward-looking statement can be taken as guaranteed. The forward-looking information contained in this press release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, readers should not place any undue reliance on forward looking information.
NEITHER THE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, to receive support.
