Clean Energy Technologies issues $556K convertible note to Mast Hill Fund at 15% interest

Clean Energy Technologies, Inc.

Issued $556,000 convertible note to Mast Hill Fund, L.P. for net proceeds of ~$471,900 after $55,600 OID and $28,500 in fees.
Note has 15% annual interest, matures July 18, 2024, convertible at $6.00 per share (subject to 4.99% ownership cap).
Company can prepay note at 150% premium; default triggers immediate payment with 15% default interest.
Note and shares issued in unregistered transaction 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 $556,000 (effective 2023-07-18).

Action: entry
Agreement: equity purchase
Counterparty: Mast Hill, L.P.
Value: $556,000
Effective: 2023-07-18

Exact text from the filing

On July 20, 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 July 18, 2023 (the “Securities Purchase Agreement”) pursuant to which the Company issued to Mast Hill a $556,000 Convertible Promissory Note, due July 18, 2024 (the “Note”) for a purchase price of $ 500,400 plus an original issue discount in the amount of $55,600.00, and an interest rate of fifteen percent (15%) per annum.

View on SEC.gov

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

Clean Energy Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-025196

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.