debt
confidence high
sentiment neutral
materiality 0.40
CETY issues $93,725 convertible note to 1800 Diagonal Lending; amends Mast Hill note for $60k
Clean Energy Technologies, Inc.
- Issued convertible note principal $93,725 to 1800 Diagonal Lending at $81,500 purchase price ($12,225 OID).
- Note carries 15% one-time interest charge of $14,058; six repayments due by Sept 15, 2025.
- Conversion at $1.00/share only after event of default; 4.99% beneficial ownership cap.
- Amended Mast Hill promissory note: additional $50,000 funding increases principal by $60,000.
- Both transactions conducted as unregistered sales under Section 4(a)(2) and Rule 506(b).