secwatch.observer — SEC 8-K summary
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Issuer:     Clean Energy Technologies, Inc. (CETY)
CIK:        0001329606
Form:       8-K
Filed at:   2023-11-15T23:59:59+00:00
Accession:  0001493152-23-041537
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1329606/000149315223041537/0001493152-23-041537-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1329606/000149315223041537/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-041537

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