debt
confidence high
sentiment neutral
materiality 0.40
Clean Energy Technologies issues $150,650 convertible note to 1800 Diagonal Lending
Clean Energy Technologies, Inc.
- Note principal $150,650 purchased at $131,000 with $19,650 OID; 13% interest ($19,584).
- Nine monthly payments of $18,914.89 starting Oct 30, 2024.
- Conversion at $1.00 per share after an event of default, with 4.99% beneficial ownership cap.
- Default interest at 22% per annum on unpaid amounts.
- Funds raised for general corporate purposes; securities sold under Rule 506(b) exemption.