MINILUXE ANNOUNCES ISSUANCE OF OPTIONS
02 Febrero 2023 - 4:01PM
MiniLuxe Holding Corp. (the "Company") (TSXV: MNLX), today
announced that it has granted an aggregate of 1,025,000 options at
an exercise price of CDN $0.60 to certain officers of the Company
to fulfill contractual terms of their employment and services
provided to the Company and pursuant to the Company's Omnibus
Equity Incentive Compensation Plan (the "Plan"). Such employee
options would normally have a strike price set equivalent to prior
day closing price at the time of issuance, however, have been set
at a premium to prior day close at CDN $0.60 to reflect management
and the Board’s view that the company’s value prospects are
significantly higher than CDN $0.60. The options are subject to the
Company’s standard vesting schedule of 5 years and exercisable for
subordinate voting shares of the Company for a period of 10 years
following the date of grant.
About
MiniLuxe
MiniLuxe, a Delaware corporation based in
Boston, Massachusetts is a digital-first, socially-responsible
lifestyle brand and talent empowerment platform for the nail and
waxing industry. For over a decade, MiniLuxe has been setting
industry standards for health, hygiene, and fair labour practices
in its efforts to transform the most used, but highly
under-regulated nail care industry. MiniLuxe looks to become one of
the largest inclusionary educators and vocational employers, with a
diverse, predominantly female and BIPOC workforce on its talent
empowerment platform.
Today, MiniLuxe derives its revenue streams from
talent (provision of nail care and waxing services) and product
(through its own proprietary clean nail care products). MiniLuxe is
driven by a fully-integrated digital platform that manages all
client bookings, preferences and payments and provides designers
with the ability to manage scheduling and client preferences, track
their performance and compensation, and access training content.
Since its inception, MiniLuxe has performed nearly 3 million
services. www.miniluxe.com
For further information
Anthony TjanExecutive Chairman, MiniLuxe Holding
Corp.atjan@miniluxe.com www.miniluxe.com
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Miniluxe (TSXV:MNLX)
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