debt
confidence high
sentiment neutral
materiality 0.30
CETY issues $178,410 convertible note to Pacific Pier at $150,000.80 purchase price
Clean Energy Technologies, Inc.
- Convertible note principal $178,410; purchase price $150,000.80; net proceeds $143,000.80 after $7,000 legal fees.
- 12% annual interest; matures 12 months from Aug 7, 2026; convertible after 6 months at 85% of 10-day VWAP.
- Holder capped at 4.99% beneficial ownership; Exchange Cap of 2,000,000 shares until shareholder approval.
- Company must obtain shareholder approval by Nov 7, 2026; proceeds for business development and service providers.
- Note issued under Section 4(a)(2) exemption; no public offering.