debt
confidence high
sentiment neutral
materiality 0.60
Clean Energy Technologies, Inc. (CETY): debt financing — Clean Energy Technologies issues $201K convertible note and 125K shares to Firstfire for $175K
Clean Energy Technologies, Inc.
- Company sold $201,250 convertible note and 125,000 shares to Firstfire for aggregate $175,000; net funding $169,500.
- Note matures in 12 months, 10% interest, monthly payments of $22,137.50 starting Sept 18, 2025.
- Conversion price set at 85% of lowest traded price during prior 10 trading days; 4.99% beneficial ownership cap.
- Company must obtain shareholder approval by July 23, 2025 for issuance above Nasdaq Exchange Cap.
- Proceeds used for business development and working capital; restrictions on certain repayments and loans.