MiMedia plans $6 million private placement with Credico partnership

MiMedia Holdings Inc. (TSXV: MIM) (OTCQB: MIMDF) (FSE: KH3) announced it intends to complete a non-brokered private placement of up to 24 million subordinate voting shares at $0.25 per share for gross proceeds of up to $6 million.

The company also announced a business development partnership with Credico, an outsourced sales and customer acquisition firm operating in North America, Europe, India and South Africa for over 35 years. Under the partnership, Credico will make MiMedia's cloud platform available globally to its telecommunications, energy and non-profit clients.

Credico's founders are expected to invest a majority of the private placement offering. One co-founder stated that telecom carrier clients seek new recurring revenue streams and customer retention tools, viewing MiMedia's platform as suitable for delivering revenue and margin growth.

Chris Giordano, CEO of MiMedia, said the offering and partnership aim to support growth opportunities in 2026.

The net proceeds will support growth initiatives, operations and general working capital purposes. The offering requires approvals including from the TSX Venture Exchange. All securities will be subject to a four-month statutory hold period.

MiMedia provides a cloud platform for personal media storage and access across devices and operating systems. The company partners with smartphone manufacturers and telecom carriers globally.

Founded in 1991, Credico operates face-to-face customer acquisition services through retail, events, door-to-door and street market sales channels.

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