MiMedia Issues Warrants Pursuant to Securities for Services Transaction
Rhea-AI Summary
MiMedia Holdings (OTCQB: MIMDF) has issued 249,426 warrants to a consultant as compensation for advisory services, as announced on April 23, 2025. Each warrant allows the purchase of one subordinate voting share at $0.51 per share, exercisable until March 31, 2030. The warrants are subject to a hold period ending August 3, 2025, in compliance with securities laws and TSX Venture Exchange policies.
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News Market Reaction
On the day this news was published, MIMDF declined 8.68%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
New York, New York--(Newsfile Corp. - April 23, 2025) - MiMedia Holdings Inc. (TSXV: MIM) (OTCQB: MIMDF) (FSE: KH3) ("MiMedia" or the "Company") announced today that it has issued 249,426 warrants ("Warrants") to a consultant for services rendered pursuant to an advisory services agreement previously announced on January 31, 2025. Each Warrant entitles the consultant to purchase one subordinate voting share of the Company at an exercise price of
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.
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 consultant services and warrants. 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.
For further information: Chris Giordano or MiMedia Investor Relations, investors@mimedia.com or (888) 502-9398.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/249560
FAQ
What are the key terms of MiMedia Holdings (MIMDF) warrant issuance announced on April 23, 2025?
How many warrants did MIMDF issue to consultants in April 2025?
What is the exercise price and expiration date for MIMDF's newly issued warrants?
When does the hold period for MIMDF's new warrants end?
