secwatch.observer — SEC 8-K summary
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Issuer:     Clean Energy Technologies, Inc. (CETY)
CIK:        0001329606
Form:       8-K
Filed at:   2022-12-12T23:59:59+00:00
Accession:  0001493152-22-035203
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clean Energy Technologies issues $191,526 convertible note to 1800 Diagonal Lending
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- Principal $191,526 includes $19,760 original issue discount; 10% annual interest; matures Dec 5, 2023.
- Conversion price set at 70% of lowest VWAP for the prior 5 trading days; 4.99% beneficial ownership blocker.
- Proceeds used to satisfy existing note with Diagonal and for general working capital.
- Private placement exempt from registration under Section 4(a)(2); notes and shares bear restrictive legend.
- Company has right to prepay without penalty; default triggers acceleration and additional amounts.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1329606/000149315222035203/0001493152-22-035203-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1329606/000149315222035203/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-035203

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer