Ms. Christine Mastrangelo reports

MINILUXE ANNOUNCES FOLLOW-ON INVESTMENT OF UP TO US$1.75M FROM FLOW CAPITAL

Miniluxe Holding Corp. backer Flow Capital Corp. (TSX-V: FW), a leading provider of flexible growth capital and alternative debt solutions, has completed a follow-on investment of up to $1.75-million (U.S.) pursuant to its existing term loan with the company, bringing the total amount available to the company under the facility to up to $7,925,000 (U.S.).

Under the new tranche of the loan, an initial advance of $1.35-million (U.S.), was financed to the company on closing, and the company is also eligible to receive an additional advance of up to $400,000 (U.S.), subject to the satisfaction of certain financing milestones, which are expected to be announced in due course.

Following 11 consecutive quarters of unit economic improvement, the capital will be used to finance Miniluxe's growth plans and general operating purposes.

As part of the transaction, the company will issue to flow capital warrants to purchase an aggregate of 687,234 subordinate voting shares of the company until April 30, 2028, being coincident with the maturity date of the loan, with 296,610 of the warrants exercisable at a strike price of 59 U.S. cents per share, and 390,624 of the warrants exercisable at 96 U.S. cents per share. 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 refinancing has been conditionally approved by the TSX Venture Exchange and remains subject to their final approval.

About Miniluxe Holding Corp.

Miniluxe is a lifestyle brand and talent empowerment platform servicing the beauty and self-care industry. Miniluxe focuses on delivering high-quality nail care and esthetic services and offers a suite of trusted proprietary products that are used in the company's owned-and-operated studio services.