Clean Energy Technologies, Inc. (CETY): debt financing — Clean Energy Technologies issues $345K convertible note to Pacific Pier Capital

Clean Energy Technologies, Inc.

Sold $345,000 10% convertible note and 45,000 commitment shares for net proceeds of $300,500 after legal fees.
Note matures in 12 months; convertible after 6 months at 90% of lowest VWAP over prior 5 trading days.
Conversion capped at 4.99% beneficial ownership; aggregate share issuance limited to 1,250,000 until shareholder approval.
Proceeds to be used for business development and service provider payments; not for officer/director debt repayment.

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 $345,000 with Pacific Pier Capital II, LLC at 10% per annum maturing 12 months following the issue date.

Instrument: convertible notes
Principal: $345,000
Counterparty: Pacific Pier Capital II, LLC
Rate: 10% per annum
Maturity: 12 months following the issue date
Event: incurrence

Exact text from the filing

On April 4, 2025, Clean Energy Technologies, Inc. (the “ Company ”) entered into a securities purchase agreement (the “ SPA ”) with Pacific Pier Capital II, LLC, a Delaware limited liability company (“ Pacific Pier ”), pursuant to which the Company sold, and Pacific Pier purchased, (i) a convertible promissory note in the principal amount of $345,000 (the “ Note ”), and (ii) 45,000 shares of Company common stock (the “ Shares ”), for an aggregate purchase price of $310,500.00 (the “ Transaction ”).

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8 debt financings filed in the last 30 days. Browse all debt financings →

Clean Energy Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001641172-25-003475

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