Clean Energy Technologies executes 1:40 reverse stock split to pursue NASDAQ uplisting

Clean Energy Technologies, Inc.

Reverse stock split at 1:40 ratio effective Jan 19, 2023; shares reduced from ~1.49B to ~37.2M.
Trading symbol temporarily changed to CETYD for 20 business days, then reverts to CETY.
Split approved by board and ~71% of shareholders; intended to meet NASDAQ Capital Market per-share price requirement.
Uplisting and secondary offering managed by Craft Capital Markets to fund expansion plans.
No fractional shares issued; fractional holders receive rounded-up whole share.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Clean Energy Technologies, Inc.: Filed an Amendment to Articles of Incorporation to effect a 1-for-40 reverse stock split, effective as of the opening of trading on January 19, 2023 (effective 2023-01-19).

Change: charter amendment
Effective: 2023-01-19

Exact text from the filing

The Company filed an Amendment to Articles of Incorporation (the “Amendment”) with the Secretary of State of the State of Nevada to effectuate the Reverse Stock Split on January 9, 2023.

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11 governance changes filed in the last 30 days. Browse all governance changes →

Clean Energy Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-001815

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