Massimo Group terminates FST acquisition, secures up to $4M loan from Chairman David Shan

Massimo Group

Loan agreement of up to $4M from Executive Chairman David Shan, 4% interest, due June 22, 2027, unsecured.
Terminated proposed stock-based acquisition of FST Development Company Limited (originally disclosed Feb 3, 2026).
Company will focus internal resources on intelligent patrol systems, autonomous security, and AI-enabled solutions.
Controlling shareholder funding expected to accelerate product development, testing, and commercialization of security initiatives.

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