---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-041537"
form_type: "8-K"
ticker: "CETY"
cik: "0001329606"
company_name: "Clean Energy Technologies, Inc."
filed_at: "2023-11-15T23:59:59+00:00"
generated_at: "2026-06-08T02:07:12.060771+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Clean Energy Technologies converts $1.95M notes to equity via Series E Preferred shares

## Summary
- Exchanged $1,955,122.43 of promissory notes for 2,199,387 shares of 15% Series E Convertible Preferred Stock.
- Preferred stock carries no mandatory cash redemption, improving CETY's financial flexibility.
- Conversion aligns with long-term partnership with Mast Hill Fund and eliminates cash redemption mandate.
- Preferred stockholders receive a 15% dividend; conversion is variable based on market conditions.

## SEC filing metadata
- accession: 0001493152-23-041537
- form_type: 8-K
- ticker: CETY
- cik: 0001329606
- company_name: Clean Energy Technologies, Inc.
- filed_at: 2023-11-15T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1329606/000149315223041537/0001493152-23-041537-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1329606/000149315223041537/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-041537
- JSON: https://secwatch.observer/filing/0001493152-23-041537.json
- Plain text: https://secwatch.observer/filing/0001493152-23-041537.txt

## Key facts
- Material Agreements
  Clean Energy Technologies, Inc. entered into Exchange Agreement with Mast Hill Fund, L.P. with Mast Hill Fund, L.P. valued at Issued 2,199,387 shares of Series E Convertible Preferred Stock in exchange for outstanding balances (effective 2023-11-08).
  - Action: entry
  - Counterparty: Mast Hill Fund, L.P.
  - Value: Issued 2,199,387 shares of Series E Convertible Preferred Stock in exchange for outstanding balances
  - Effective: 2023-11-08
  source text: On November 8, 2023, Clean Energy Technologies, Inc. (the “Company”) entered into an exchange agreement (the “Agreement”) with Mast Hill Fund, L.P., a Delaware limited partnership (the “Holder”), pursuant to which the Company agreed to issue to the Holder 2,199,387 shares of the newly designated 15% Series E Convertible Preferred Stock of the Company, par value $0.001 per share (the “Series E Preferred Stock”), in exchange for the outstanding balances of $1,955,122.43, as of November 8, 2023, under the six promissory notes the Company issued to the Holder from November 2022 to July 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1329606/000149315223041537/0001493152-23-041537-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.