secwatch.observer — SEC 8-K summary
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Issuer:     Clean Energy Technologies, Inc. (CETY)
CIK:        0001329606
Form:       8-K
Filed at:   2023-01-25T23:59:59+00:00
Accession:  0001493152-23-002363
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1329606/000149315223002363/0001493152-23-002363-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1329606/000149315223002363/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-002363

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