secwatch.observer — SEC 8-K summary
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Issuer:     Clean Energy Technologies, Inc. (CETY)
CIK:        0001329606
Form:       8-K
Filed at:   2024-03-07T23:59:59+00:00
Accession:  0001493152-24-009239
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 Tech enters $280.5K convertible note agreement with FirstFire
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- Note principal $280,500 with 10% annual interest, sold at $255,000 inclusive of $25,500 original issue discount.
- Repayable in 11 monthly installments of $28,050, first payment due April 4, 2024.
- Convertible into common stock at $1.60/share upon an event of default; 20,000 commitment shares also issued.
- Proceeds used to repay $143,750 prior note owed to FirstFire and for business development.
- Fees of $6,000 for buyer's legal costs and $5,562.50 for Revere Securities deducted from purchase price.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1329606/000149315224009239/0001493152-24-009239-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1329606/000149315224009239/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-009239

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