secwatch.observer — SEC 8-K summary
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Issuer:     Clean Energy Technologies, Inc. (CETY)
CIK:        0001329606
Form:       8-K
Filed at:   2024-09-13T23:59:59+00:00
Accession:  0001493152-24-036224
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clean Energy Tech issues $612k convertible note to Mast Hill; extends two notes to Dec 2025
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- Extended maturity of $750k (May 2022) and $300k (Sep 2022) promissory notes to Dec 31, 2025; pays $300k total extension fee.
- Issued $612k convertible promissory note to Mast Hill Fund at 8% interest, maturing Dec 31, 2025; $12k withheld for legal fees.
- Note convertible at $2.50/share, subject to 4.99% beneficial ownership limitation and anti-dilution adjustments.
- Upon aggregate proceeds >$1M post-issue, up to 25% (50% above $3M) of excess proceeds must repay note at Mast's option.
- Company had 44,576,381 common shares and 877,774 Series E preferred shares outstanding as of Sep 9, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1329606/000149315224036224/0001493152-24-036224-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1329606/000149315224036224/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-036224

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