Clean Energy Technologies, Inc. (CETY): debt financing — Clean Energy Technologies issues $620K convertible note, warrants to Mast Hill Fund

Clean Energy Technologies, Inc.

Sold $620K junior secured convertible note and warrants for 310K shares to Mast Hill Fund for $558K; net $500K after fees.
Note matures in 12 months, 10% guaranteed interest, convertible at lower of $2.50/share or 90% of 5-day VWAP, with 4.99% cap.
Warrants exercisable at $2.50 for 5 years on cashless basis; shares subject to 9,156,726 Exchange Cap until shareholder approval.
Proceeds used for senior lender payment ($50K), working capital, and business development; excludes insider debt or loans.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Clean Energy Technologies, Inc. incurred convertible notes of $620,000 with Mast Hill Fund, L.P. at 10% per annum maturing 12 months following the issue date.

Instrument: convertible notes
Principal: $620,000
Counterparty: Mast Hill Fund, L.P.
Rate: 10% per annum
Maturity: 12 months following the issue date
Event: incurrence

Exact text from the filing

pursuant to which the Company sold, and Mast Hill purchased, (i) a junior secured convertible promissory note in the principal amount of $620,000 (the “ Note ”), and (ii) warrants to purchase 310,000 shares of Company common stock (the “ Warrants ”), for an aggregate purchase price of $558,000

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Clean Energy Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-25-008949

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