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Miivo Announces Warrant Exercises Resulting in $1,239,376
Newsfile· 2025-10-29 11:00
Core Insights - Miivo Holdings Corp. has successfully exercised 3,098,441 warrants at an exercise price of $0.40, generating gross proceeds of $1,239,736, reflecting strong investor confidence in the company's strategic direction and growth prospects [1][2][3] Company Overview - Miivo operates as an AI platform aimed at transforming underperforming and low-growth businesses into scalable, product-driven models, focusing on enhancing operational efficiency, customer engagement, and financial performance through AI-powered automation [3] Financial Impact - The capital raised from the warrant exercise will be utilized to accelerate customer acquisition via strategic channel partnerships and enhanced marketing initiatives, particularly within the small and medium-sized enterprise (SME) sector [2][3] Leadership Perspective - The CEO, Alexander Damouni, emphasized that the warrant exercise demonstrates strong momentum in the business and positions the company to capitalize on significant market opportunities in the SME sector as businesses increasingly seek AI-driven transformation solutions [2][3]