Clean Energy Technologies, Inc. (CETY): debt financing — Clean Energy Technologies issues $256K convertible note to Pacific Pier, receives $223.4K net

Clean Energy Technologies, Inc.

Issued $256K principal convertible note and 45,000 shares of common stock to Pacific Pier Capital for net proceeds of $223,400.
Note matures in 12 months, bears 10% interest, convertible after 6 months at 90% of lowest VWAP over prior 5 trading days.
Conversion limited to 4.99% beneficial ownership; aggregate issuance capped at 1.25M shares pending Nasdaq shareholder approval.
Proceeds to be used for business development and service provider payments, not insider or corporate finance 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 $256,000 with Pacific Pier Capital II, LLC at 10% per annum maturing 12 months following the issue date.

Instrument: convertible notes
Principal: $256,000
Counterparty: Pacific Pier Capital II, LLC
Rate: 10% per annum
Maturity: 12 months following the issue date
Event: incurrence

Exact text from the filing

the Company sold, and Pacific Pier purchased, (i) a convertible promissory note in the principal amount of $256,000

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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 0001641172-25-006012

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