Mace Security International Secures $40,000 Unsecured Subordinated Loan

Mace Security International, Inc. (OTCQB:MACE), a leading provider of personal self-defense sprays, has announced that its Board of Directors approved a $40,000 unsecured subordinated loan from a Board member on September 20, 2024. The loan is set to mature on July 27, 2025, or when the Company's senior line of credit is repaid, whichever comes first. The loan carries an interest rate of 10% per annum and does not include a conversion feature.

The Cleveland, Ohio-based company has a longstanding reputation for designing and manufacturing consumer and tactical products. Its product lineup includes aerosol defense sprays and tactical products for law enforcement through its Mace® Take Down® brand and KUROS!® Brand personal safety products, among others.