on MACE SECURITY INTERNATIONAL INC (NASDAQ:MACE)
Mace® Security International Secures Additional Funding
CLEVELAND, OH / ACCESSWIRE / May 30, 2024 - Mace® Security International (OTCQB:MACE), a leader in personal self-defense sprays, announced it has secured an additional $100,000 unsecured subordinated loan from a Board member. The loan, obtained on May 23, 2024, will be drawn down as necessary, with an initial draw of $20,000.
The loan matures on the earlier of July 27, 2025, or when Mace's senior line of credit is repaid. It carries an interest rate of 10% per annum and does not include a conversion feature.
Mace Security International designs and manufactures consumer and tactical products for personal defense and security under the Mace® Brand. The company distributes its products globally through various channels, including mass market retailers and online platforms.
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