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.
Location
Massachusetts, United States
Transaction Type
Buyout

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