Clean Energy Tech issues $138,889 convertible note at 15%; two directors resign

Clean Energy Technologies, Inc.

Issued $138,888.88 convertible note due Aug 5, 2023, at 15% interest, to Jefferson Street Capital for $125,000 purchase price.
Five-year warrant issued to buy 1,736,111 shares at $0.04 per share, exercisable after Feb 2, 2023 or upon IPO up-listing.
Initial conversion price $0.025 per share; drops to 75% of IPO price if up-listing occurs by Feb 21, 2023.
Directors Jun Wang and Yongsheng Lyu resigned, reducing board from four to two; no disagreement cited.
Note includes anti-dilution adjustments and prepayment at 115% premium; warrant has cashless exercise provisions.

item 1.01 item 3.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Yongsheng Lyu

Director

CETY · Clean Energy Technologies, Inc.

Effective: 2022-08-12
Filed: August 16, 2022, 7:59 PM ET

On August 12, 2022, Mr. Jun Wang and Mr. Yongsheng Lyu, members of the Board of Directors of Clean Energy Technology, Inc., a Nevada corporation (the “Company”), notified the Company of their intention to resign from the Company’s Board of Directors for personal reasons effective immediately.

Departed

Jun Wang

Director

CETY · Clean Energy Technologies, Inc.

Effective: 2022-08-12
Filed: August 16, 2022, 7:59 PM ET

On August 12, 2022, Mr. Jun Wang and Mr. Yongsheng Lyu, members of the Board of Directors of Clean Energy Technology, Inc., a Nevada corporation (the “Company”), notified the Company of their intention to resign from the Company’s Board of Directors for personal reasons effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Yongsheng Lyu resigned as Director at Clean Energy Technologies, Inc..

Action: resigned
Role: Director

Exact text from the filing

On August 12, 2022, Mr. Jun Wang and Mr. Yongsheng Lyu, members of the Board of Directors of Clean Energy Technology, Inc., a Nevada corporation (the “Company”), notified the Company of their intention to resign from the Company’s Board of Directors for personal reasons effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jun Wang resigned as Director at Clean Energy Technologies, Inc..

Action: resigned
Role: Director

Exact text from the filing

On August 12, 2022, Mr. Jun Wang and Mr. Yongsheng Lyu, members of the Board of Directors of Clean Energy Technology, Inc., a Nevada corporation (the “Company”), notified the Company of their intention to resign from the Company’s Board of Directors for personal reasons effective immediately.

View on SEC.gov

Clean Energy Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-22-023181

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