other material
confidence high
sentiment neutral
materiality 0.60
Clean Energy Technologies enters $5M equity line with Mast Hill Fund, issues warrant
Clean Energy Technologies, Inc.
- Equity line of credit up to $5M over 24 months; company can require purchases of common stock via put notices.
- Purchase price set at 95% of lowest traded price during 3 trading days after put share delivery.
- Issued 50,000 commitment shares and a 500,000-share warrant exercisable at $2.00 per share with anti-dilution ratchet.
- Registration rights agreement requires filing of resale registration statement within 45 days.