Mace Security announces additional unsecured subordinated funding

Mace Security announced that the Company’s Board of Directors approved on September 20, 2024 a $40,000 unsecured subordinated loan from a Board member. The note matures on the sooner of July 27, 2025 or when the Company’s senior line of credit is repaid. The note bears interest at 10% per annum. The note does not have a conversion feature.