secwatch.observer — SEC 8-K summary
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Issuer:     Clean Energy Technologies, Inc. (CETY)
CIK:        0001329606
Form:       8-K
Filed at:   2023-12-27T23:59:59+00:00
Accession:  0001493152-23-046270
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CETY issues $92K convertible promissory note to 1800 Diagonal Lending
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- Note principal $92K, issued at $80K with $12K OID and $9.2K interest charge.
- Ten monthly payments of $10,120 starting Jan 30, 2024; note due Oct 30, 2024.
- Conversion price $1.60 per share, subject to anti-dilution; 4.99% beneficial ownership limitation.
- Proceeds for general working capital; $5K reimbursement for buyer's legal/due diligence.
- Note includes default rate of 22% per annum and events of default linked to breach of reps/covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1329606/000149315223046270/0001493152-23-046270-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1329606/000149315223046270/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-046270

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