debt
confidence high
sentiment neutral
materiality 0.35
CETY issues $131,610 convertible note due Feb 2026; net proceeds $100K for working capital
Clean Energy Technologies, Inc.
- Principal $131,610 with $24,610 original issue discount; purchase price $107,000; net $100,000 after $2,500 legal and $4,500 due diligence fees.
- Matures Feb 15, 2026; one-time 10% interest; 9 monthly payments of $16,085.67 beginning June 15, 2025.
- Convertible upon default at $1.00 per share; limited to 4.99% beneficial ownership; requires Nasdaq approval if over 19.99% of shares issued.
- Proceeds for general working capital; sold in unregistered transaction under Section 4(a)(2) of the Securities Act.