MiMedia Closes C$3.87M Convertible Debenture Offering to Support Telco and OEM Rollouts
MiMedia Holdings Inc. (TSXV: MIM, OTCQB: MIMDF, FSE: KH3) (“MiMedia” or the “Company”), a consumer cloud platform focused on mobile content engagement, announced the closing of a CA $3.87M private placement of unsecured convertible debenture units. The offering supports MiMedia’s commercialization strategy across telecom and smartphone OEM channels, with active deployment initiatives underway in the United States, Mexico, and Europe.
The transaction marks a significant milestone in MiMedia’s capital formation efforts as it scales a partner-integrated media cloud solution aimed at enhancing content engagement and customer retention across mobile ecosystems.
Transaction Summary
MiMedia issued 3,872 convertible debenture units at a principal amount of CA $1,000.00 per unit, for total gross proceeds of CA $3.87M. Each unit consists of the following components:
- One unsecured convertible debenture with a face value of CA $1,000.00 bearing 12.50% annual interest maturing on June 27, 2027.
- Interest is payable semi-annually, in either cash or subordinate voting shares, subject to TSX Venture Exchange approval.
- The first interest payment is scheduled for December 31, 2025.
Each debenture is convertible into subordinate voting shares at CA $0.50 per share, at the option of the holder, beginning June 27, 2026.
In addition to the debenture, each unit includes:
- 769 subordinate voting share purchase warrants with an exercise price of CA $0.65, exercisable from June 27, 2026, to June 27, 2027.
- 500 subordinate voting share purchase warrants with an exercise price of CA $1.00, exercisable from June 27, 2026, to June 26, 2027.
All securities issued are subject to a statutory hold period expiring October 28, 2025. The offering remains subject to final approval from the TSX Venture Exchange, and the Company may conduct additional closings pending that approval.
Platform Overview
MiMedia offers a next-generation consumer cloud platform that allows users to back up, organize, and privately share personal media, including photos, videos, music, and documents across devices and operating systems. The platform is built to support white-labeled deployment models and is optimized for integration by smartphone manufacturers and telecom carriers globally.
Key features include a rich media interface, robust organization tools, and private sharing functionality, all designed to increase content engagement and cross-device usability. MiMedia’s solution enables its partners to unlock new recurring revenue streams, improve customer retention, and differentiate their service offerings in competitive consumer markets.
Use of Proceeds
Net proceeds from the offering will support working capital and general corporate purposes, with a stated emphasis on resourcing for global deployment schedules tied to MiMedia’s Telco and OEM pipeline.
ArcStone View
MiMedia’s convertible debenture financing provides the Company with additional working capital flexibility as it advances global deployment initiatives through telecom and OEM partners. The structure reflects a commonly used capital format among TSXV-listed technology companies seeking to extend operational runway without immediate equity dilution.
The Company’s model targets a recurring revenue opportunity through preloaded or white-labeled content cloud services embedded in smartphones. Its focus on data portability, cross-device usability, and private sharing positions MiMedia as a complementary tool to existing media storage platforms, particularly in non-U.S. markets where carrier-led service bundles remain prevalent.
With deployments planned across North America, Europe, and Latin America, the Company’s ability to activate and monetize its partner pipeline will be the key determinant of near-term traction.
