Massimo Secures $4M Loan from Chairman; Terminates FST Acquisition

Key Highlights

• Massimo Group secured a loan agreement for up to $4 million from Executive Chairman David Shan.
• The loan bears an interest rate of 4% per annum, payable monthly in arrears.
• The aggregate principal amount is due to be repaid in full by June 22, 2027.
• The loan is unsecured and intended to fund strategic growth initiatives, including technology-enabled products and intelligent security solutions.
• The company terminated its previously announced proposed acquisition of FST Development Company Limited.
• The termination allows Massimo to focus on accelerating internal development of advanced security technologies and AI-enabled solutions.
• The loan provides capital to support product development, testing, commercialization, and technology advancement.