secwatch.observer — SEC 8-K summary
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Issuer:     Clean Energy Technologies, Inc. (CETY)
CIK:        0001329606
Form:       8-K
Filed at:   2026-10-20T22:09:42+00:00
Accession:  0001493152-26-047803
Event type: debt
Sentiment:  negative
Materiality: 0.55
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Clean Energy Technologies issues $500K 8% convertible note to Falcon Venture at 85% of lowest traded price
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- Sold a $500,000 principal convertible note to Falcon Venture Limited for $500,000 cash; it matures Oct. 18, 2027, and pays 8% annual interest.
- The note becomes convertible six months after issuance at 85% of the lowest traded price over the prior ten trading days, a variable-price discount.
- Conversion is blocked if the holder would exceed 9.99% beneficial ownership or, absent Nasdaq Rule 5635(d) approval, if it would issue more than 2,432,004 shares.
- Proceeds must fund business development and Company obligations; the holder deducts $1,750 per conversion for fees, and disputes arbitrate in Orange County, Calif.
- The company had 12,166,106 common shares outstanding as of Sept. 30, 2026, against 2 billion authorized; preferred shares outstanding were zero.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1329606/000149315226047803/0001493152-26-047803-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1329606/000149315226047803/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-047803

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