Clean Energy Technologies, Inc. (CETY): debt financing — Clean Energy Technologies issues $143,750 convertible note to FirstFire Global; net proceeds $125,000

Clean Energy Technologies, Inc.

Principal amount $143,750 includes $18,750 original issue discount; net cash to company $125,000.
Note bears 10% interest, matures Jan 3, 2025, convertible at $1.60 per share.
Company also issued 10,000 commitment shares of common stock as additional consideration.
FirstFire withheld $5,000 for legal fees and $7,187.50 for Revere Securities placement agent fees.
Transaction exempt from registration under Section 4(a)(2) and Rule 506(b).

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Clean Energy Technologies, Inc. incurred convertible notes of $143,750.00 with FirstFire Global Opportunities Fund, LLC at 10% per annum maturing January 3, 2025.

Instrument: convertible notes
Principal: $143,750.00
Counterparty: FirstFire Global Opportunities Fund, LLC
Rate: 10% per annum
Maturity: January 3, 2025
Event: incurrence

Exact text from the filing

the Company agreed to issue and sell to the Buyer the promissory note of the Company in the principal amount of $143,750.00

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Clean Energy Technologies, Inc. entered into Securities Purchase Agreement with FirstFire Global Opportunities Fund, LLC valued at $143,750.00 (effective 2024-01-03).

Action: entry
Agreement: notes offering
Counterparty: FirstFire Global Opportunities Fund, LLC
Value: $143,750.00
Effective: 2024-01-03

Exact text from the filing

On January 3, 2024, Clean Energy Technologies, Inc. (the “Company”) entered into a securities purchase agreement (the “Agreement”) with FirstFire Global Opportunities Fund, LLC, a Delaware limited liability company (the “Buyer”), pursuant to which the Company agreed to issue and sell to the Buyer the promissory note of the Company in the principal amount of $143,750.00 (the “Note”)

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283 debt financings filed in the last 30 days. Browse all debt financings →

Clean Energy Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-001731

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