MiniLuxe announces private placement raising up to $5 million

MiniLuxe Holding Corp. (TSXV: MNLX) announced a non-brokered private placement offering of Class A subordinate voting shares priced at $0.58 per share. The nail care and beauty services company expects to raise between $3.5 million and $5 million in gross proceeds, with commitments already exceeding the minimum threshold.

The offering is priced at a premium to current market levels, according to the company's statement. MiniLuxe anticipates closing the placement by June 5, subject to formal documentation completion and regulatory approvals, including final approval from the TSX Venture Exchange.

The company reported system sales growth of 11% year-over-year in its fiscal 2025 results and finished the year with approximately $4.5 million in cash. MiniLuxe stated it exceeded its planned year-end cash balance but decided to proceed with the placement based on investor quality and their potential as operational partners for new locations.

Proceeds will fund growth initiatives, particularly new studio openings, and provide flexibility for strategic acquisitions or joint venture locations. The company operates nail care and beauty service studios and has performed over 5 million services since inception.

"We are humbled and grateful to have found partners who represent strategic capital that comes alongside proven track records of executing and scaling growth businesses," said Tony Tjan, CEO of MiniLuxe.

The securities will be subject to a four-month and one-day hold period from issuance. The offering targets accredited investors in Canada and exempt purchasers in other jurisdictions under applicable securities laws.

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