CETY issues $187K convertible note to Mast Hill Fund; warrant for 58K shares at $1.60

Clean Energy Technologies, Inc.

Net proceeds of $168,300 from $187,000 convertible note (15% OID); 15% interest, due Dec 26, 2023.
Conversion price $1.00/share; drops to 75% of IPO price if up-listing by July 18, 2023.
Warrant for 58,438 shares at $1.60; exercise price adjusts to 120% of IPO price if up-listing by July 19, 2023.
Note prepayable at 115% premium before default; anti-dilution lowers conversion price on future equity issuances.
Transaction unregistered, exempt under Section 4(a)(2) and Rule 506(b).

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Clean Energy Technologies, Inc. entered into Securities Purchase Agreement with Mast Hill , L.P. valued at $187,000 (effective 2023-01-19).

Action: entry
Agreement: equity purchase
Counterparty: Mast Hill , L.P.
Value: $187,000
Effective: 2023-01-19

Exact text from the filing

On January 19, 2023 Clean Energy Technology, Inc., a Nevada corporation (the “Company”) closed the transactions contemplated by the Securities Purchase Agreement with Mast Hill , L.P. (Mast Hill”) dated January 19, 2023 pursuant to which the Company issued to Mast Hill a $187,000 Convertible Promissory Note

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24 material agreements filed in the last 30 days. Browse all material agreements →

Clean Energy Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-002363

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