MiniLuxe reduces debt by 30% through debenture conversion

MiniLuxe Holding Corp. has announced the completion of converting all its outstanding convertible debentures. This conversion was done at a price of $0.50 per share, about 25% higher than its recent market price. As a result, the company has reduced its debt by 30%, amounting to approximately $2.7 million. The conversion means that MiniLuxe has eliminated all convertible debt, strengthening its financial situation. This transformation began on March 15, 2025, and is part of a broader effort that includes new investments totaling $1.675 million. In addition to converting the debentures, MiniLuxe will issue 60,000 shares to certain employees as part of their earnout bonuses, which signals the team's confidence in the company's future. In total, the company will issue over 5.4 million shares due to the debt conversion and employee compensation. The successful completion of these processes is pending approval from the TSX Venture Exchange. MiniLuxe is focused on improving the beauty and self-care industry through better services and products, aiming to empower its workforce and enhance customer experiences.