Business
Miivo Announces $3.75 Million Unit Financing with Overallotment Option
Vancouver, British Columbia--(Newsfile Corp. - December 18, 2025) - MIIVO HOLDINGS CORP. (TSXV: ...
About this update from Miivo Holdings Corp.
[{"type":"text","content":"Miivo Announces $3.75 Million Unit Financing with Overallotment OptionVancouver, British Columbia--(Newsfile Corp. - December 18, 2025) - MIIVO HOLDINGS CORP. (TSXV: MIVO) (OTCQB: MIVOF) (\"Miivo\" or the \"Company\") is pleased to announce a non-brokered private placement financing (the \"Offering\") of up to $3,750,000 from the sale of up to 7,500,000 units (each, a \"Unit\") at a price of $0.50 per Unit. Each Unit will consist of one common share (each, a \"Share\") in the capital of the Company and one-half-of-one share purchase warrant (each whole warrant, a \"Warrant\"), with each Warrant entitling the holder thereof to acquire one additional Share (each, a \"Warrant Share\") at a price of $0.75 per Warrant Share for a period of 18 months from its date of issuance.The Company may, at its sole discretion, sell up to an additional 500,000 Units for a total sale of up to 8,000,000 Units or $4,000,000 aggregate gross proceeds.The Company intends to use the proceeds from the Offering for marketing its virtual Artificial Intelligence (\"AI\") powered chief financial officer and management platform AI CFO in an expanding number of countries and for general working capital purposes.Alexander Damouni, Miivo's Chief Executive Officer stated: \"As stated in our news release dated November 10, 2025, we commenced beta testing the AI CFO platform in the United Arab Emirates and India. We received tremendous feedback from beta customers and based on that, continued to evolve the product offering. We then commenced our first stage of marketing with a \"freemium\" package for users to try out the platform, and two paid subscription packages (basic and advanced). Since our launch in November and with minimal marketing expense, we have over 1,000 users signed up and are rapidly growing our paying subscriber base. We intend to use a majority of the proceeds of this offering to aggressively enter the multibillion small and medium sized enterprises (\"SMEs\") market in North America. AI CFO makes enterprise-grade financial intelligence accessible to SMEs\".Rabih Brair, Miivo's Chief Financial Officer stated: \"We have updated our website and investor presentation and encourage anyone to sign up to the AI CFO platform on our new website at: https://www.miivo.ai/ and view the Company presentation at: https://www.miivo.ai/investors.\"The Offering ...