- MiniLuxe Holding Corp. (MNLX) has granted a total of 1,025,000 options
- The options were granted at an exercise price of C$0.60 to officers of the company to fulfill the contractual terms of their employment and services provided to the company
- The granting of the options was also in line with the company’s Omnibus Equity Incentive Compensation Plan
- MiniLuxe, based in Boston, Massachusetts, is a digital-first lifestyle brand and talent-empowerment platform for the nail and waxing industry
- Miniluxe Holding Corp. was up 23.596 per cent, trading at C$0.55 at 1:16 PM ET
MiniLuxe Holding Corp. (MNLX) has granted a total of 1,025,000 options.
The options were granted at an exercise price of C$0.60 to certain officers of the company to fulfill contractual terms of their employment and services provided to the company.
The granting of the options was also in line with the company’s Omnibus Equity Incentive Compensation Plan.
Such employee options would normally have a strike price set equivalent to prior day closing price at the time of issuance, however, have been set at a premium to prior day close at $0.60 to reflect management and the Board’s view that the company’s value prospects are significantly higher than $0.60.
The options are subject to the company’s standard vesting schedule of five years and exercisable for subordinate voting shares of the company for a period of 10 years following the date of grant.
MiniLuxe, a Delaware corporation based in Boston, Massachusetts is a digital-first lifestyle brand and talent-empowerment platform for the nail and waxing industry.
MiniLuxe Holding Corp. was up 23.596 per cent, trading at C$0.55 at 1:16 PM ET.
