secwatch.observer — SEC 8-K summary
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Issuer:     Clean Energy Technologies, Inc. (CETY)
CIK:        0001329606
Form:       8-K
Filed at:   2024-09-06T23:59:59+00:00
Accession:  0001493152-24-035336
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clean Energy Technologies issues $92K convertible note to Coventry with OID and commitment shares
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- Sold $92,000 convertible promissory note to Coventry Enterprises LLC for $80,000 purchase price (includes $12,000 OID).
- Note bears a one-time interest charge of 10% ($9,200); ten monthly payments of $10,120 due from Oct 1, 2024.
- Issued 15,000 commitment shares of common stock as additional consideration for the transaction.
- Conversion price set at $1.60/share, exercisable only after an event of default; subject to 4.99% beneficial ownership cap.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1329606/000149315224035336/0001493152-24-035336-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1329606/000149315224035336/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-035336

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