Dogecoin treasury firm borrowed $1.4M at 10.7% interest – promising repayment in CleanCore stock already pledged elsewhere
House of Doge’s Dogecoin Ventures unit borrowed $1.4 million from Devlin DeFrancesco under an unsecured note dated July 28, with 10.7% annual interest and maturity on July 27, 2027. Principal is not repayable in cash; it is to be satisfied with 2,227,300 registered CleanCore Solutions shares, implying about $0.629 per share. Interest must be paid in cash, and early repayment still requires all interest through maturity. The note is subordinate to secured debt and cannot be repaid until House of Doge fully repays its Yorkville convertible note. Yorkville’s note had previously been extended and tied to 9 million CleanCore shares, but the July filing does not clarify whether Yorkville has been paid or whether the shares for DeFrancesco came from that pool. Consent from Yorkville and majority holders in the May financing was also required, but no consent documents were disclosed.
