Clean Energy Technologies issues $114,850 convertible note to 1800 Diagonal Lending

Clean Energy Technologies, Inc.

Convertible note principal $114,850 with $11,850 OID; 10% interest, matures Oct 26, 2023.
Conversion price set at 70% of lowest trading price in 5 days prior to conversion; beneficial ownership capped at 4.99%.
Proceeds to repay existing Diagonal note and for working capital.
Note issued in unregistered private transaction under Section 4(a)(2).

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Clean Energy Technologies, Inc. entered into Securities Purchase Agreement with 1800 Diagonal Lending, LLC valued at $114,850 (effective 2202-10-25).

Action: entry
Agreement: equity purchase
Counterparty: 1800 Diagonal Lending, LLC
Value: $114,850
Effective: 2202-10-25

Exact text from the filing

On October 25, 2202, Clean Energy Technologies, Inc. (the "Company") entered into to a Securities Purchase Agreement (the "SPA") with 1800 Diagonal Lending, LLC ("Diagonal"), and issued a convertible note (the "Note") to Diagonal in the aggregate principal amount of $114,850 (including an original issue discount of $11,850 ).

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Clean Energy Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-22-029827

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