other material
confidence high
sentiment neutral
materiality 0.60
Clean Energy Tech raises $4.4M in private placement of 10.73M shares at $0.41; now meets Nasdaq equity standard
Clean Energy Technologies, Inc.
- Sold 10,731,707 common shares at $0.41 each for gross proceeds of $4,400,000 in a Rule 506(b) offering to accredited investors.
- Funds will be used for general corporate purposes; the offering closed on May 6, 2025.
- Company now exceeds Nasdaq's $5M minimum stockholders' equity requirement as a result of the raise.
- Shares issued are unregistered and subject to transfer restrictions under the Securities Act.
- Subscription agreement includes standard representations, warranties, and Nevada governing law.