On April 9, 2024, MiniLuxe Holding Corp. closed the transaction. The company has raised $4.5 million in this transaction.

The company has received $2 million in its second and final tranche. The transaction included participation from new lender, Flow Capital Corp. The company has issued non-amortizing loan and warrants in the transaction.

As part of the transaction the company will be issuing to flow capital warrants to purchase 1,692,308 subordinate voting shares of the company at a strike price of $0.52 per share for a period of three years from the date of issuance. The warrants are subject to a hold period of four months and one day from the issuance date in accordance with applicable securities laws. The company is subject to approved by the TSX Venture Exchange.

The maturity date of the initial debt investment extended to 2027.