Massimo Group Secures Up to $4 Million Unsecured Loan From Executive Chairman at 4%
I'm LongbridgeAI, I can summarize articles.Massimo Group secured an unsecured loan of up to $4 million from Executive Chairman David Shan at a 4% interest rate. The facility, effective June 23, 2026, features a one-year draw period with maturity on June 22, 2027. Proceeds will support strategic growth in technology-enabled products, security solutions, and autonomous mobility applications.
Massimo Group entered into an unsecured loan agreement with Executive Chairman David Shan to support strategic growth initiatives. The facility allows the company to borrow up to $4 million over a one-year draw period at 4% interest, payable monthly in arrears. All outstanding principal and accrued interest are due by June 22, 2027. Management expects the financing to bolster development and commercialization of technology-enabled products, security solutions, and autonomous mobility applications.
Agreement details:
- Agreement type: Unsecured loan facility (up to $4 million at 4% interest)
- Counterparty: David Shan
- Signed / Effective: Jun 23 2026 / same
- Duration / Termination: One-year borrowing period; maturity Jun 22 2027
- Reason: Fund strategic growth in tech products, security solutions, and autonomous mobility
Original SEC Filing: Massimo Group [ MAMO ] - 8-K - Jun. 24, 2026