secwatch.observer — SEC 8-K summary
======================================

Issuer:     Clean Energy Technologies, Inc. (CETY)
CIK:        0001329606
Form:       8-K
Filed at:   2025-01-22T23:59:59+00:00
Accession:  0001493152-25-003246
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CETY issues $1.64M convertible note to Mast Hill; net proceeds ~$308K after paying prior debt
--------------------------------------------------------------------------------

- Note principal $1,637,833.33, 10% annual interest, 12-month maturity, convertible at lower of $2.50 or 90% of 5-day VWAP.
- Warrants to purchase 818,917 shares at $2.50 per share, 5-year term, cashless exercise.
- Net funding to company $308,051.20 after paying $852,406.35 to retire September 2024 note and $22,000 legal fees.
- Proceeds used for working capital and business development; note is junior secured, subordinate to Nations Interbanc.
- Company must hold shareholder vote if stock trades below $0.50 to exceed 9,156,726 share issuance cap.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1329606/000149315225003246/0001493152-25-003246-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1329606/000149315225003246/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-003246

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer