Dogecoin treasury firm borrowed $1.4M at 10.7% interest – promising repayment in CleanCore stock already pledged elsewhere

House of Doge’s wholly owned Dogecoin Ventures unit borrowed $1.4 million from lender Devlin DeFrancesco under an unsecured note, according to a July 29 SEC filing.Secured creditors get paid first, while the $1.4 million principal is due in 2,227,300 CleanCore Solutions shares already pledged to House of Doge’s senior lenders.The note was issued July 28, bears 10.7% annual interest and matures July 27, 2027. Rather than return the $1.4 million principal in cash, Dogecoin Ventures agreed to deliver the fixed block of unrestricted, registered CleanCore shares.Dividing the face amount by that block produces an implied value of about 62.9 cents per share.Interest is due in cash. Even if Dogecoin Ventures repays early, it must pay the full interest that would have been due at maturity.The repayment path runs through senior creditorsThe fixed-share structure leaves DeFrancesco exposed to CleanCore’s market price when the stock can be delivered. A more immediate obstacle is creditor priority: the shares are repayment consideration, not collateral for the new note.The note says it is unsecured and expressly subordinates payment to Dogecoin Ventures’ secured debt. It separately bars schedul...