debt
confidence high
sentiment neutral
materiality 0.25
CETY raises $100k via $105k convertible note with 40k inducement shares to Lucas Ventures
Clean Energy Technologies, Inc.
- Principal $105,000, purchase price $100,000; net discount of $5,000.
- Note due Feb 28, 2025; one-time 12% interest charge on principal at maturity.
- Conversion price $1.00/share, subject to anti-dilution; 4.99% beneficial ownership cap.
- Inducement of 40,000 common shares issued at closing.
- Securities sold under exemption from registration per Section 4(a)(2) and Rule 506(b).