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MiMedia issues 2.24M shares to pay interest on convertible debentures at $0.19 per share

Company Fundamentals
07 Jul 2026
Newsfile Corp
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Neutral
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MiMedia Holdings Inc. issued 2,238,249 subordinate voting shares to settle interest payments due on June 30, 2026, for its 10% and 12.5% unsecured convertible debentures. The shares were issued at the market price of $0.19 per share, subject to final approval by the TSX Venture Exchange. This move helps MiMedia manage its debt obligations by converting interest payments into equity, potentially impacting shareholder dilution but preserving cash. The company continues to operate its cloud-based personal media platform serving millions globally.

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