secwatch.observer — SEC 8-K summary
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Issuer:     Clean Energy Technologies, Inc. (CETY)
CIK:        0001329606
Form:       8-K
Filed at:   2024-08-27T23:59:59+00:00
Accession:  0001493152-24-033915
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CETY enters $180,960 convertible note financing with 1800 Diagonal Lending
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- Principal $180,960; purchase price $156,000 with $24,960 original issue discount.
- One-time 13% interest charge of $23,524; nine monthly payments of $22,720.45 starting Sept 30, 2024.
- Conversion allowed after event of default at $1.00/share, subject to anti-dilution and 4.99% ownership cap.
- Default interest rate 22% per annum; events of default include non-payment, bankruptcy, delisting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1329606/000149315224033915/0001493152-24-033915-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1329606/000149315224033915/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-033915

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