secwatch.observer — SEC 8-K summary
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Issuer:     Clean Energy Technologies, Inc. (CETY)
CIK:        0001329606
Form:       8-K
Filed at:   2023-01-19T23:59:59+00:00
Accession:  0001493152-23-001815
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1329606/000149315223001815/0001493152-23-001815-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1329606/000149315223001815/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-001815

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