debt
confidence high
sentiment negative
materiality 0.55
Mangoceuticals borrows $75K at 18% from CEO-controlled trust; matures Dec 2026
MANGOCEUTICALS, INC.
- On Dec 4, 2025, borrowed $75,000 from The Tiger Cub Trust, controlled by CEO Jacob D. Cohen.
- Promissory note bears 18% annual interest, compounded monthly, maturing Dec 4, 2026 or earlier upon qualified financing.
- Mandatory prepayment plus make-whole premium due within 5 business days of a qualified financing (any capital raise after note date).
- Default triggers automatic increase to principal plus make-whole amount and acceleration at 18% default rate.
- Related-party loan from CEO's trust; cash infusion signals near-term liquidity need.