secwatch.observer — SEC 8-K summary
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Issuer:     Clean Energy Technologies, Inc. (CETY)
CIK:        0001329606
Form:       8-K
Filed at:   2023-01-03T23:59:59+00:00
Accession:  0001493152-23-000063
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clean Energy Technologies issues $123K convertible note to Mast Hill Fund with 15% interest and warrants
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- Company closed sale of $123,000 Convertible Promissory Note to Mast Hill Fund at purchase price of $110,700 (original issue discount of $12,300).
- Note carries 15% annual interest, matures December 26, 2023; convertible at $0.025 per share, subject to anti-dilution.
- Issued warrant to purchase 1,537,500 shares at $0.04 per share, exercisable after June 25, 2023 or upon an IPO uplisting.
- If an IPO uplisting occurs by June 24, 2023, conversion price drops to 75% of offering price; warrant exercise price rises to 120%.
- Note prepayable at 115% premium before default; default triggers 15% default interest rate.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1329606/000149315223000063/0001493152-23-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1329606/000149315223000063/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-000063

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