Mace(R) Security International, a Global Leader in Personal Self-Defense Sprays, Announces Postponement of Annual Meeting of Shareholders

Rhea-AI Summary

Mace Security International (OTCQB:MACE) has announced the postponement of its 2024 Annual Meeting of Shareholders due to a recently announced Agreement and Plan of Merger. The meeting will be rescheduled if necessary pending the potential merger transaction. A separate Special Meeting of Shareholders will be called specifically to vote on the merger agreement, with notice to be provided in the future.

Positive

• Potential merger agreement in place indicating strategic business development

Negative

• Postponement of Annual Meeting suggests uncertainty in corporate governance timeline
• Trading on OTCQB market indicates lower tier exchange listing

CLEVELAND, OH / ACCESSWIRE / October 28, 2024 / Mace Security International (OTCQB:MACE) today announced that, due the recently announced Agreement and Plan of Merger, the previously announced 2024 Annual Meeting of Shareholders is postponed and will be rescheduled if and as necessary pending the potential merger transaction contemplated by the Agreement and Plan of Merger. Separately, a Special Meeting of Shareholders will be called to vote on the Agreement and Plan of Merger. Notice of that Special Meeting of Shareholders will be forthcoming.

About Mace Security International, Inc.

Mace® Security International, Inc. (MACE) is a globally recognized leader in personal safety and security. Based in Cleveland, Ohio, the Company has spent more than 40 years designing and manufacturing consumer and tactical products for personal defense and security under its world-renowned Mace® Brand - the original trusted brand of defense spray products. The Company also offers aerosol defense sprays and tactical products for law enforcement and security professionals worldwide through its Mace® Take Down® brand, KUROS!® Brand personal safety products, Vigilant® Brand alarms, and Tornado® Brand pepper spray and stun guns. MACE® distributes and supports Mace® Brand products through mass market retailers, wholesale distributors, independent dealers, Amazon.com, Mace.com, and other channels. For more information, visit www.mace.com.

Forward-Looking Statements

Certain statements and information included in this press release constitute "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. When used, the words or phrases "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "projected," "intend to" or similar expressions are intended to identify "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to several known and unknown risks and uncertainties that may cause our actual results, trends, performance or achievements, or industry trends and results, to differ materially from the future results, trends, performance, or achievements expressed or implied by such forward-looking statements. Those risks and uncertainties may include, but are not limited to, (a) general economic and business conditions, including the impact of the COVID-19 pandemic and other possible pandemics and similar outbreaks; (b) competition; (c) potential changes in customer spending; (d) acceptance of our product offerings and designs; (e) the variability of consumer spending resulting from changes in domestic economic activity; (f) a highly promotional retail environment; (g) any significant variations between actual amounts and the amounts estimated for those matters identified as our critical accounting estimates, as well as other significant accounting estimates made in the preparation of our financial statements; (h) the impact of current and potential hostilities in various parts of the world, including but not limited to the war which resulted from Russia's invasion of Ukraine, as well as other geopolitical or public health concerns; (i) the impact of international supply chain disruptions and delays; (j) the impact on the Company of changes in U.S. Federal and State income tax regulations; and (k) the impact of inflation and the ability of the Company to pass on rising prices to its customers. You are urged to consider all such factors. Because of the uncertainty inherent in such forward-looking statements, you should not consider their inclusion to be a representation that such forward-looking matters will be achieved. Mace Security International, Inc. assumes no obligation for updating any such forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking statements.

Contact:
Investor Relations
InvestorRelations@mace.com

SOURCE: Mace Security International, Inc.

View the original press release on accesswire.com

FAQ

Why did Mace Security International (MACE) postpone its 2024 Annual Meeting?

Mace Security International postponed its 2024 Annual Meeting of Shareholders due to a recently announced Agreement and Plan of Merger, pending the potential merger transaction.

What meeting will replace MACE's postponed Annual Meeting?

A Special Meeting of Shareholders will be called specifically to vote on the Agreement and Plan of Merger, with notice to be provided at a later date.

When will MACE's Special Meeting of Shareholders take place?

The date for the Special Meeting of Shareholders has not been announced yet. The company stated that notice of the meeting will be forthcoming.