secwatch.observer — SEC 8-K summary
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Issuer:     Clean Energy Technologies, Inc. (CETY)
CIK:        0001329606
Form:       8-K
Filed at:   2023-03-15T23:59:59+00:00
Accession:  0001493152-23-007704
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clean Energy Technologies issues $734K convertible note to Mast Hill Fund at 15% interest
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- Issued $734,000 convertible promissory note to Mast Hill Fund, L.P. for net proceeds of $660,600 (with $73,400 OID).
- Note matures March 8, 2024, bears 15% interest; convertible at $1.00/share, or 75% of IPO price if up-listing by Sep 4, 2023.
- Also issued warrant to purchase 367,000 shares at $0.01/share (or 120% of IPO price if up-listing by Sep 4, 2024).
- Proceeds used to retire ~$427,777 in existing notes and for working capital.
- Prepayment allowed at 115% premium; conversion limited to 4.99% beneficial ownership.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1329606/000149315223007704/0001493152-23-007704-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1329606/000149315223007704/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-007704

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