MiniLuxe Announces Approval of Amendments to Equity Incentive Plan

Rhea-AI Summary

MiniLuxe (OTC: MNLXF) announced shareholder approval of amendments to its equity incentive plan, effective following implementation of the amended plan.

On November 20, 2025 shareholders approved converting the plan from a rolling 10% scheme to a fixed plan of up to 20%, increasing shares available for issuance to 33,493,526 subordinate and proportionate voting shares (representing 20% of outstanding shares at implementation). Additional details are in the company’s management information circular dated October 16, 2025 available on SEDAR+.

Positive

• Equity pool increased to 33,493,526 shares (20% of outstanding)
• Fixed 20% cap replaces rolling 10% plan, clarifying maximum dilution

Negative

• Potential dilution doubled from 10% to 20% of outstanding shares
• Up to 20% issuance could meaningfully dilute existing shareholders

Boston, MA, Jan. 05, 2026 (GLOBE NEWSWIRE) -- MiniLuxe Holding Corp. (TSXV: MNLX) — MiniLuxe, the pioneer in clean nail care and ethical nail services, announces that on November 20, 2025, its shareholders approved certain amendments to the Company’s equity incentive plan. The amendments converted the plan from a rolling 10% plan to a fixed plan of up to 20% and increased the number of shares available for issuance thereunder to 33,493,526 shares, representing 20% of the aggregate number of subordinate voting shares and proportionate voting shares outstanding as of the date of implementation of the amended plan.

Additional details regarding the amended equity incentive plan are set out in the Company’s management information circular dated October 16, 2025, which is available on the Company’s profile on SEDAR+.

About MiniLuxe
MiniLuxe is a lifestyle brand and talent empowerment platform servicing the beauty and self-care industry. MiniLuxe focuses on delivering high-quality nail care and esthetic services and offers a suite of trusted proprietary products that are used in the Company’s owned-and-operated studio services. For over a decade, MiniLuxe has been elevating industry standards through healthier, ultra-hygienic services, a modern design esthetic, socially responsible labor practices, and better-for-you, cleaner products. MiniLuxe aims to radically transform a highly fragmented and under-regulated self-care and nail care industry through its brand, standards, and technology platform that collectively enable better talent and client experiences. For its clients, MiniLuxe offers best-in-class self-care services and better-for-you products, and for nail care and beauty professionals, MiniLuxe seeks to become the employer of choice. In addition to creating long-term durable economic returns for stakeholders, the Company seeks to positively impact and empower one of the most diverse and largest hourly worker segments through professional development and certification, economic mobility, and company ownership opportunities (e.g., equity participation and future franchise opportunities). Since its inception, MiniLuxe has performed over 4 million services. The Company is a Delaware corporation based in Boston, Massachusetts.

For further information
Christine Mastrangelo
Corporate Secretary and Investor Relations, MiniLuxe Holding Corp.
cmastrangelo@miniluxe.com
miniluxe.com 
               

FAQ

What did MiniLuxe (MNLXF) announce about its equity incentive plan on January 5, 2026?

MiniLuxe announced that shareholders approved amendments converting the plan from a rolling 10% scheme to a fixed plan of up to 20%, increasing available shares to 33,493,526.

When did MiniLuxe shareholders approve the equity plan changes for MNLXF?

Shareholders approved the amendments on November 20, 2025.

How many shares does the amended MiniLuxe (MNLXF) incentive plan allow for issuance?

The amended plan allows issuance of 33,493,526 shares, representing 20% of outstanding subordinate and proportionate voting shares at implementation.

What is the difference between the old and new MiniLuxe (MNLXF) incentive plan caps?

The plan moved from a rolling 10% cap to a fixed cap of up to 20%, effectively doubling the maximum pool.

Where can investors find more details on MiniLuxe's amended equity incentive plan (MNLXF)?

Additional details are in the management information circular dated October 16, 2025, available on the company's profile on SEDAR+.