Clean Energy Technologies, Inc. (CETY): debt financing — Clean Energy Tech issues $335K convertible note and 50K shares to Mast Hill Fund

Clean Energy Technologies, Inc.

Issued $335,000 principal junior secured convertible note plus 50,000 commitment shares for $301,500 aggregate purchase price (net $296,500 after legal fees).
Note matures in 12 months, accrues 10% guaranteed interest, convertible at lesser of $2.50/share or 90% of lowest VWAP in prior 5 trading days; 4.99% beneficial ownership cap.
Proceeds for Nations Interbanc payment, working capital, business development; note is junior secured, subordinated to Nations Interbanc.
Company must hold shareholder meeting if stock trades below $0.50 for 60 days to approve issuance above 12,370,000 share Exchange Cap; conversion may cause significant dilution.

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 $335,000 with Mast Hill Fund, L.P. at 10% per annum maturing 12 months following the issue date.

Instrument: convertible notes
Principal: $335,000
Counterparty: Mast Hill Fund, L.P.
Rate: 10% per annum
Maturity: 12 months following the issue date
Event: incurrence

Exact text from the filing

limited partnership (“ Mast Hill ”), pursuant to which the Company sold, and Mast Hill purchased, (i) a junior secured convertible promissory note in the principal amount of $335,000 (the “ Note ”), and (ii) 50,000 shares of Company common stock (the “ Shares ”), for an aggregate purchase price of $301,500 (the “ Transaction ”). The Transaction closed on June

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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 0001641172-25-013840

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