debt
confidence high
sentiment neutral
materiality 0.50
Clean Energy Tech issues $101K convertible note to Coventry; due Dec 24, 2024, 3.94% interest, 40K shares
Clean Energy Technologies, Inc.
- Principal $101K, purchase price $96K + $5K OID, due Dec 24, 2024.
- Interest 3.94% comp. monthly; convertible upon default at lower of $1.00 or future issue price.
- Issued 40,000 unregistered shares as loan commitment shares.
- Beneficial ownership limitation of 4.99% for Coventry.
- Customary representations, warranties, covenants; exempt under Rule 506(b).