secwatch.observer — SEC 8-K summary
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Issuer:     Clean Energy Technologies, Inc. (CETY)
CIK:        0001329606
Form:       8-K
Filed at:   2022-11-22T23:59:59+00:00
Accession:  0001493152-22-033266
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CETY issues $95K convertible note to Mast Hill at 15% interest with warrant for 1.19M shares
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- Principal $95,000, purchased at $85,500 with $9,500 OID; interest 15% per annum, due Nov 10, 2023.
- Conversion price initially $0.025/share; if IPO/up-listing by May 9, 2023, price becomes 75% of offering price.
- Warrant to purchase 1,187,500 shares at $0.04; if IPO by May 9, 2023, exercise price becomes 120% of offering price.
- Note prepayable at 115% premium; beneficial ownership limitation of 4.99% for Mast Hill.
- Issued in reliance on Section 4(a)(2) and Rule 506(b); shares unregistered.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1329606/000149315222033266/0001493152-22-033266-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1329606/000149315222033266/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-033266

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