MiniLuxe Announces Completion of Planned Share Issuance for the Purposes of Acquiring a New Studio Location in Dallas, Texas

Core Viewpoint - MiniLuxe Holding Corp. is expanding its presence in the Dallas-Fort Worth market through the acquisition of a new studio location, supported by a strategic partnership and the issuance of shares to fund this expansion [1][3][4]. Group 1: Acquisition Details - The company has issued 437,500 Class A subordinate voting shares at a price of USD $0.40 per share to facilitate the acquisition of a new studio location in the Dallas-Fort Worth area [1]. - MiniLuxe's wholly owned subsidiary now holds approximately 66.15% of the issued and outstanding LLC membership interests of the newly formed entity [2]. - The securities issued are subject to a hold period of four months and one day from the date of issuance [2]. Group 2: Strategic Importance - This acquisition enhances MiniLuxe's footprint in a key growth region, indicating a successful strategy of expansion through mergers and acquisitions [3]. - The company aims to accelerate growth through various means, including acquisitions, new company-owned stores, joint ventures, and franchising [3]. Group 3: Partnership and Team - The new location benefits from a strong joint venture partnership with Leslie Concors, who has a successful track record in growing consumer brands [4]. - Kayleigh Se, MiniLuxe's Regional Operating Partner, will also contribute her expertise to the new venture, ensuring continuity and quality in operations [4]. Group 4: Leadership Insights - The CEO of MiniLuxe expressed optimism about the acquisition, highlighting the identification of tier-one conversion opportunities in desirable neighborhoods [5]. - Leslie Concors, a new shareholder and partner, expressed confidence in the potential of the Lakewood location to enhance the MiniLuxe experience [6]. Group 5: Company Overview - MiniLuxe is a lifestyle brand focused on the beauty and self-care industry, providing high-quality nail care and esthetic services [8]. - The company aims to transform the self-care and nail care industry through better standards and technology, while also empowering a diverse workforce [9][10].