Rise Capital Corp. to Acquire MiniLuxe, Inc. via Reverse Take-Over
October 19, 2021
Rise Capital Corp. announced a proposed reverse take-over (RTO) to acquire all issued and outstanding securities of MiniLuxe, Inc., with the resulting issuer to be renamed MiniLuxe Holding Corp. MiniLuxe FinCo completed a CDN$10 million subscription receipt private placement to support the transaction; upon closing MiniLuxe securityholders are expected to hold ~85% of the combined company's voting shares, and the deal aims to provide MiniLuxe access to public markets and capital for growth.
- Buyers
- Rise Capital Corp.
- Targets
- MiniLuxe, Inc.
- Industry
- Consumer Products
- Location
- Massachusetts, United States
- Transaction Type
- Buyout
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