$1.4M Loan: Dogecoin Ventures Promises Repayment in CleanCore Shares

Dogecoin Ventures, a unit of House of Doge, has borrowed $1.4 million from lender Devlin DeFrancesco under an unsecured note with a 10.7% annual interest rate.

The note matures on July 27, 2027, and instead of repaying the principal in cash, Dogecoin Ventures agreed to deliver 2,227,300 CleanCore Solutions shares already pledged to senior lenders.

The shares were valued at an implied price of approximately $62.9 cents per share, with interest due in cash even if the loan is repaid early.

The repayment path for DeFrancesco's loan runs through senior creditors, with Yorkville requiring full repayment before the shares can be delivered to him.