Mace(R) Security International, a Global Leader in Personal Self-Defense Sprays, Announces Additional Unsecured Subordinated Funding
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), un leader globale negli spray per la difesa personale, ha annunciato un ulteriore finanziamento subordinato non garantito. Il Consiglio di Amministrazione dell'azienda ha approvato un prestito subordinato non garantito di 40.000 dollari da un membro del Consiglio il 20 settembre 2024. La nota scade alla prima delle due date tra il 27 luglio 2025 o quando la linea di credito senior dell'azienda sarà rimborsata, con un interesse del 10% annuo. La nota non prevede una clausola di conversione.
Mace Security International, con sede a Cleveland, Ohio, progetta e produce prodotti per la difesa personale e la sicurezza da oltre 40 anni. Il portafoglio dell'azienda include gli spray difensivi del marchio Mace, il marchio Take Down per le forze dell'ordine, i prodotti per la sicurezza personale KUROS!, gli allarmi Vigilant e gli spray al pepe e pistole stordenti Tornado.
Mace Security International (OTCQB:MACE), un líder global en aerosoles de autodefensa personal, ha anunciado un financiamiento subordinado no garantizado adicional. La Junta Directiva de la compañía aprobó un préstamo subordinado no garantizado de 40,000 dólares de un miembro de la Junta el 20 de septiembre de 2024. La nota vence en la primera de las siguientes fechas: 27 de julio de 2025 o cuando se pague la línea de crédito senior de la compañía, con un interés del 10% anual. La nota no tiene una cláusula de conversión.
Mace Security International, con sede en Cleveland, Ohio, ha estado diseñando y fabricando productos para consumidores y tácticos para la defensa personal y la seguridad durante más de 40 años. El portafolio de la compañía incluye los aerosoles de defensa de la marca Mace, la marca Take Down para las fuerzas del orden, los productos de seguridad personal KUROS!, las alarmas Vigilant y los aerosoles de pimienta y pistolas paralizantes Tornado.
Mace Security International (OTCQB:MACE), 개인 자위 스프레이의 글로벌 리더, 추가 무담보 후순위 자금조달을 발표했습니다. 회사의 이사회는 2024년 9월 20일 이사로부터 40,000달러의 무담보 후순위 대출을 승인했습니다. 이 문서는 2025년 7월 27일 이전에 만료되거나 회사의 선순위 신용 대출이 상환될 때 만료되며, 연 10%의 이자가 부과됩니다. 이 문서에는 전환 기능이 없습니다.
클리블랜드, 오하이오에 본사를 둔 Mace Security International은 개인 방어 및 보안을 위한 소비자 및 전술 제품을 40년 이상 설계하고 제조해왔습니다. 회사의 포트폴리오에는 Mace 브랜드 방어 스프레이, 법 집행을 위한 Take Down 브랜드, 개인 안전 제품 KUROS!, Vigilant 경보 및 Tornado 고추 스프레이와 스턴건이 포함되어 있습니다.
Mace Security International (OTCQB:MACE), un leader mondial dans les sprays de défense personnelle, a annoncé un financement subordonné non garanti supplémentaire. Le Conseil d'Administration de l'entreprise a approuvé un prêt subordonné non garanti de 40 000 dollars d'un membre du Conseil le 20 septembre 2024. La note arrive à échéance à la première des dates suivantes : 27 juillet 2025 ou lorsque la ligne de crédit senior de l'entreprise est remboursée, portant un intérêt de 10 % par an. La note ne dispose pas d'une option de conversion.
Mace Security International, basé à Cleveland, Ohio, conçoit et fabrique des produits de consommation et tactiques pour la défense personnelle et la sécurité depuis plus de 40 ans. Le portefeuille de la société comprend les sprays de défense de marque Mace, la marque Take Down pour les forces de l'ordre, les produits de sécurité personnelle KUROS!, les alarmes Vigilant et le spray au poivre et les pistolets taser Tornado.
Mace Security International (OTCQB:MACE), ein weltweit führendes Unternehmen für persönliche Selbstverteidigungssprays, hat eine zusätzliche nicht besicherte nachrangige Finanzierung angekündigt. Der Vorstand des Unternehmens genehmigte am 20. September 2024 einen nicht besicherten nachrangigen Kredit in Höhe von 40.000 Dollar von einem Vorstandsmitglied. Die Note fällig wird am früheren von 27. Juli 2025 oder wenn die Rangfolge der Senior-Kreditlinie des Unternehmens zurückgezahlt wird, und trägt 10% Zinsen pro Jahr. Die Note hat keine Umwandlungsoption.
Mace Security International mit Sitz in Cleveland, Ohio, entwirft und produziert seit über 40 Jahren Verbraucher- und taktische Produkte für persönliche Verteidigung und Sicherheit. Das Portfolio des Unternehmens umfasst die Mace Brand Verteidigungssprays, die Take Down-Marke für die Strafverfolgung, KUROS! persönliche Sicherheitsprodukte, Vigilant-Alarme sowie Tornado-Pfefferspray und Tasern.
- Secured additional $40,000 in funding through an unsecured subordinated loan
- Loan provided by a Board member, indicating internal confidence in the company
- High interest rate of 10% per annum on the new loan
- Short-term maturity date of July 27, 2025 or earlier
- Need for additional funding may indicate financial constraints
CLEVELAND, OH / ACCESSWIRE / September 26, 2024 / Mace Security International (OTCQB:MACE) today announced that the Company's Board of Directors approved on September 20, 2024 a
About Mace Security International, Inc.
Mace® Security International, Inc. (MACE) is a globally recognized leader in personal safety and security. Based in Cleveland, Ohio, the Company has spent more than 40 years designing and manufacturing consumer and tactical products for personal defense and security under its world-renowned Mace® Brand - the original trusted brand of defense spray products. The Company also offers aerosol defense sprays and tactical products for law enforcement and security professionals worldwide through its Mace® Take Down® brand, KUROS!® Brand personal safety products, Vigilant® Brand alarms, and Tornado® Brand pepper spray and stun guns. MACE® distributes and supports Mace® Brand products through mass market retailers, wholesale distributors, independent dealers, Amazon.com, Mace.com, and other channels. For more information, visit www.mace.com.
Forward-Looking Statements
Certain statements and information included in this press release constitute "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. When used, the words or phrases "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "projected," "intend to" or similar expressions are intended to identify "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to several known and unknown risks and uncertainties that may cause our actual results, trends, performance or achievements, or industry trends and results, to differ materially from the future results, trends, performance, or achievements expressed or implied by such forward-looking statements. Those risks and uncertainties may include, but are not limited to, (a) general economic and business conditions, including the impact of the COVID-19 pandemic and other possible pandemics and similar outbreaks; (b) competition; (c) potential changes in customer spending; (d) acceptance of our product offerings and designs; (e) the variability of consumer spending resulting from changes in domestic economic activity; (f) a highly promotional retail environment; (g) any significant variations between actual amounts and the amounts estimated for those matters identified as our critical accounting estimates, as well as other significant accounting estimates made in the preparation of our financial statements; (h) the impact of current and potential hostilities in various parts of the world, including but not limited to the war which resulted from Russia's invasion of Ukraine, as well as other geopolitical or public health concerns; (i) the impact of international supply chain disruptions and delays; (j) the impact on the Company of changes in U.S. Federal and State income tax regulations; and (k) the impact of inflation and the ability of the Company to pass on rising prices to its customers. You are urged to consider all such factors. Because of the uncertainty inherent in such forward-looking statements, you should not consider their inclusion to be a representation that such forward-looking matters will be achieved. Mace Security International, Inc. assumes no obligation for updating any such forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking statements.
Contact:
Investor Relations
InvestorRelations@mace.com
SOURCE: Mace Security International, Inc.
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