Welcome to our dedicated page for Mace Security news (Ticker: MACE), a resource for investors and traders seeking the latest updates and insights on Mace Security stock.
Company Overview
Mace Security International, Inc. is a reputable manufacturer of non-lethal defense and personal safety products. With a legacy spanning several decades, the company is renowned for its pioneering pepper spray solutions and a diverse range of tactical products. Emphasizing exceptional quality and robust manufacturing practices, Mace has cemented its reputation as a trusted brand in the realm of personal defense, security, and consumer protection.
Historical Legacy and Market Presence
Since its inception, Mace Security International has consistently focused on providing individuals and professionals with effective self-defense tools. The brand has grown from being synonymous with defense sprays to offering an array of products that include tactical self-defense devices, surveillance equipment, and complementary security solutions. Its long-standing commitment to quality and innovation has helped it maintain a solid market presence both within the consumer segment and among law enforcement and security professionals.
Product Portfolio and Technological Integration
Mace Security International offers a comprehensive lineup of non-lethal and tactical products designed to empower users with reliable personal safety solutions. Its product catalog includes:
- Personal Defense Devices: Recognized for its original pepper spray products, the company has expanded its offering to include aerosol defense sprays and tactical self-defense devices that cater to both individual consumers and professional markets.
- Advanced Tactical Equipment: The company’s portfolio is enriched with products crafted for law enforcement and security professionals, including specialized defense sprays and stun devices that are engineered for effective self-defense under critical conditions.
- Security and Surveillance Solutions: In addition to personal safety devices, Mace has diversified into security cameras and video surveillance systems that complement its core focus on protection.
- Smart and Integrated Systems: Leveraging modern technology, the company has begun developing smart safety products that integrate GPS, Bluetooth, and emergency response features, demonstrating its commitment to merging technology with personal security.
Manufacturing Excellence and Quality Assurance
Manufacturing operations at Mace are centered in the United States, reflective of the company’s dedication to high manufacturing standards and stringent quality controls. With production facilities located in the Midwest and operated according to rigorous quality assurance protocols, every device bears the hallmark of meticulous craftsmanship. This commitment ensures that customers receive original products that reliably meet performance and safety standards.
Market Position and Competitive Differentiation
Mace Security International occupies a distinct niche in the personal safety market. Rather than focusing solely on volume, the company emphasizes quality, design, and functionality. By consistently innovating its manufacturing processes and expanding its product range, Mace has successfully differentiated its offerings from competitors. Investors and consumers alike appreciate the strategic blend of durability, technological integration, and accessible pricing that underpins its value proposition.
Distribution and Business Model
The company employs a diversified distribution strategy that includes mass market retailers, online platforms, and independent dealers. This multi-channel approach helps ensure widespread geographic reach and accessibility for a diverse customer base. Direct-to-consumer options, combined with wholesale distribution partnerships, provide Mace with flexibility and resilience in meeting demand across different market segments.
Commitment to Innovation and Customer Trust
Mace Security International continues to invest in new product development and process improvements. By engaging in strategic partnerships and co-branding initiatives, it remains at the forefront of safety technology frontiers. Its focus on customer education—ranging from product usage to tactical training—reinforces consumer trust and solidifies its standing as a resourceful, knowledgeable industry player.
Conclusion
Overall, Mace Security International has built a formidable reputation based on its long-term commitment to excellence, technological integration, and versatile security solutions. By marrying decades of industry expertise with innovative product design, the company offers an extensive array of options for those seeking reliable, non-lethal self-defense and surveillance solutions. Its robust business model and adherence to stringent quality standards continue to attract informed consumers, professionals, and investors looking to understand the dynamics of the personal safety market.
Mace Security International (OTCQB:MACE) has completed its merger with W Electric Intermediate Holdings, , effectively becoming a private company. The merger, executed on December 6, 2024, results in MACE no longer being quoted on the OTC QB Market.
Under the merger agreement, shareholders will receive $0.015777 in cash per share plus potential additional contingent consideration. Equiniti Trust Company, has been appointed as paying agent to handle the distribution of Letters of Transmittal to registered shareholders for processing their compensation.
Shareholders with shares registered through nominees should contact their brokers regarding payment procedures.
Mace Security International (OTCQB:MACE) announced that stockholders have approved all proposals at the Special Meeting held on December 3, 2024, including the adoption of the Agreement and Plan of Merger with W Electric Intermediate Holdings. The stockholders also approved the appointment of Charles A. Gaddis as substitute Stockholders' Representative. The merger closing is expected to occur around December 6, 2024.
Mace Security International is a Cleveland-based leader in personal safety and security, known for its Mace® Brand defense spray products, along with other brands including Take Down®, KUROS!®, Vigilant®, and Tornado®. The company distributes its products through mass market retailers, wholesale distributors, independent dealers, Amazon.com, and Mace.com.
Mace Security International (OTCQB:MACE) announces its Special Meeting of Stockholders scheduled for Tuesday, December 3, 2024, at 11:00 a.m. Eastern time at the Company's Cleveland headquarters. Stockholders can vote online until 11:59 PM EDT on December 2, 2024, through their broker's instructions or Equiniti Trust Company, , by telephone where available, or in person at the meeting. For assistance, stockholders can contact InvestorRelations@mace.com.
Mace Security International (OTCQB:MACE) announced delays in filing its Q3 2024 financial statements, expecting completion by December 30, 2024. Preliminary Q3 results show net sales of $1,411,000, down 6% year-over-year due to losing two major retail customers. Gross profit rate declined to 23.1% from 30% in 2023, despite 29% reduction in manufacturing costs. Operating loss was ($635,000) compared to ($644,000) in Q3 2023. Cash position decreased to $1,000, with $1,209,000 drawn from credit line. SG&A expenses were $961,000, including non-recurring costs related to merger agreement and transition expenses.
Mace Security International (OTCQB:MACE) has announced the postponement of its 2024 Annual Meeting of Shareholders due to a recently announced Agreement and Plan of Merger. The meeting will be rescheduled if necessary pending the potential merger transaction. A separate Special Meeting of Shareholders will be called specifically to vote on the merger agreement, with notice to be provided in the future.
Mace Security International, Inc. (OTCQB:MACE) has announced a definitive Agreement and Plan of Merger with W Electric Intermediate Holdings, Under the agreement, Mace will become a wholly-owned subsidiary of W Electric Intermediate Holdings. The merger consideration is $6,000,000 on a cash-free, debt-free basis, subject to adjustments. Mace projects per share cash proceeds to shareholders between $0.016 and $0.0235, plus potential additional adjustments.
The merger requires shareholder approval and is expected to close by the end of 2024. W Electric Intermediate Holdings has paid Mace a refundable $300,000 interest-free earnest money deposit. The agreement includes termination rights and fees under specific circumstances. Mace's Board of Directors has unanimously approved the Merger Agreement.
Mace Security International (OTCQB:MACE) announced its Q2 2024 financial results. Net sales were $1,360,000, down 22% from Q2 2023, mainly due to the loss of two larger retail customers and non-recurring international orders. The gross profit rate remained at 30%. SG&A expenses were $947,000, with adjusted SG&A at $824,000, 4% lower than Q2 2023. The company reported a net loss of $722,000 and an Adjusted EBITDA loss of $412,000.
For the first half of 2024, net sales were $2,718,000, down 20% year-over-year. The gross profit rate improved to 32% from 27% in 2023. Net loss was $1,461,000, and Adjusted EBITDA loss was $901,000. The company continues to focus on cost reduction and operational improvements while facing challenges in retail and international markets.
Mace Security International (OTCQB:MACE), a global leader in personal self-defense sprays, has announced additional unsecured subordinated funding. The company's Board of Directors approved a $40,000 unsecured subordinated loan from a Board member on September 20, 2024. The note matures on the earlier of July 27, 2025 or when the Company's senior line of credit is repaid, bearing interest at 10% per annum. The note does not have a conversion feature.
Mace Security International, based in Cleveland, Ohio, has been designing and manufacturing consumer and tactical products for personal defense and security for over 40 years. The company's portfolio includes the Mace Brand defense sprays, Take Down brand for law enforcement, KUROS! personal safety products, Vigilant alarms, and Tornado pepper spray and stun guns.
Mace Security International (OTCQB:MACE) announced on June 27, 2024, that it has secured a $100,000 additional unsecured subordinated loan from a Board member as of June 25, 2024. This loan, which bears an interest rate of 10% per annum, is to be drawn down if necessary and matures on the sooner of July 27, 2025, or when the company's senior line of credit is repaid. The loan does not include a conversion feature. Mace Security International is a leader in personal safety and security products, including aerosol defense sprays and tactical products for law enforcement and consumers, distributed through various retail and online channels.
Mace Security International (OTCQB:MACE), a leader in personal safety products, has announced a strategic partnership with Pyramyd AIR, a premier online airgun and outdoor gear retailer based in Cleveland. This collaboration aims to offer safety solutions for outdoor enthusiasts by integrating Mace's products into Pyramyd AIR's catalog. Key products featured in this partnership include Mace Pepper Gel, Mace Personal Alarm Keychains, and Mace Bear Spray. The partnership seeks to enhance the safety of adventurers and expand the availability of these safety tools through Pyramyd AIR's extensive customer base. Val Gamerman, President of Pyramyd AIR, emphasized the importance of safety in outdoor activities and expressed enthusiasm about providing top-tier safety products.
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