secwatch.observer — SEC 8-K summary
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Issuer:     Clean Energy Technologies, Inc. (CETY)
CIK:        0001329606
Form:       8-K
Filed at:   2023-07-21T23:59:59+00:00
Accession:  0001493152-23-025196
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1329606/000149315223025196/0001493152-23-025196-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1329606/000149315223025196/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-025196

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