secwatch.observer — SEC 8-K summary
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Issuer:     Clean Energy Technologies, Inc. (CETY)
CIK:        0001329606
Form:       8-K
Filed at:   2025-03-04T23:59:59+00:00
Accession:  0001493152-25-008949
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clean Energy Technologies issues $620K convertible note, warrants to Mast Hill Fund
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1329606/000149315225008949/0001493152-25-008949-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1329606/000149315225008949/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-008949

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