Franklin Wireless loans $10M to majority-owned subsidiary at 2% interest for facility purchase

FRANKLIN WIRELESS CORP

Loan of $10M to majority-owned FTI to purchase South Korea facility and provide working capital.
Five-year term, annual interest-only payments at 2%, default rate 7%.
FTI required to grant mortgage on purchased facility to secure the Note.
Company owns majority of FTI; FTI provides design/development services for wireless products.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.