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MiMedia Holdings Inc. Announces June 30th Interest Payment on Convertible Debentures to be Settled in Subordinate Voting Shares
New York, New York--(Newsfile Corp. - June 20, 2025) - MiMedia Holdings Inc. (TSXV: MIM) (OTCQB: ...
About this update from Mimedia Holdings Inc
[{"type":"text","content":"MiMedia Holdings Inc. Announces June 30th Interest Payment on Convertible Debentures to be Settled in Subordinate Voting SharesNew York, New York--(Newsfile Corp. - June 20, 2025) - MiMedia Holdings Inc. (TSXV: MIM) (OTCQB: MIMDF) (FSE: KH3) (\"MiMedia\" or the \"Company\") hereby gives notice to the holders of its outstanding 10% Unsecured Convertible Debentures (the \"Debentures\"), in accordance with Section 2.12(3) of the Convertible Debenture Indenture between the Company and Odyssey Trust Company dated March 14, 2023, as supplemented by a supplemental convertible debenture indenture dated July 20, 2023, that, subject to the approval of the TSX Venture Exchange, the Company will make its upcoming June 30th interest payment (the \"Interest Payment\") on the outstanding Debentures in Subordinate Voting Shares.The number of Subordinate Voting Shares to be issued to each holder of Debentures will be determined by dividing the amount of the Interest Payment payable to such holder, being an amount equal to $50.00 for each $1,000 principal amount of Debentures, by the Market Price (as defined in TSX Venture Exchange Policy 1.1 - Interpretation) per Subordinate Voting Share on June 30, 2025. Interest in an aggregate amount of approximately $220,750 will be satisfied in Subordinate Voting Shares. The record date for the Interest Payment is June 23, 2025. About MiMediaMiMedia Holdings Inc. provides a next-generation consumer cloud platform that enables all types of personal media to be secured in the cloud, accessed seamlessly at any time, across all devices and on all operating systems. The company's platform differentiates with its rich media experience, robust organization tools, private sharing capabilities and features that drive content re-engagement. MiMedia partners with smartphone makers and telecom carriers globally and provides its partners with recurring revenue streams, improved customer retention and market differentiation. The platform services millions of engaged users around the world.For further information: Chris Giordano, or MiMedia Investor Relations, [email protected] or (888) 502-9398Notice regarding forward-looking statements:Certain statements in this press release constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterize...