MiniLuxe Holding Corp. (TSXV:MNLX) agreed to acquire Substantially all of the assets of Paintbox for $3.6 million on June 20, 2022. MiniLuxe plans on maintaining the Paintbox brand given its equity value and complementary value to MiniLuxe. Paintbox will join the MiniLuxe team and platform. Eleanor Langston will serve as the Brand Steward for Paintbox and the Editor-at-Large for MiniLuxe's content initiatives. The consideration for the Paintbox acquisition by MiniLuxe consists of a total of up to $3.6 million in consideration comprised of an initial upfront consideration of 1,744,298 subordinate voting shares in MiniLuxe Holding Corp. at a price per share of $1.031 (CAD 1.34 at .77 CAD/USD) and up to an $1.8 million additional earnout consideration subject to revenue milestones, at the MiniLuxe's election of either cash or stock. Key principals of Paintbox have also voluntarily committed to become purchasers of MiniLuxe stock demonstrating their belief to the long-term value creation potential of the deal and MiniLuxe's overall growth strategy. Completion of the transaction remains subject to the approval of the TSX Venture Exchange.

MiniLuxe Holding Corp. (TSXV:MNLX) completed the acquisition of Substantially all of the assets of Paintbox on August 16, 2022.