debt
confidence high
sentiment neutral
materiality 0.30
Clean Energy Technologies, Inc. (CETY): debt financing — CETY issues $151,800 convertible note to 1800 Diagonal Lending, netting $125K for working capital
Clean Energy Technologies, Inc.
- Principal $151,800, purchased at $132,000 (13% OID), net proceeds $125,000 after fees.
- Note matures May 30, 2026; 10% one-time interest; 10 monthly payments of $17,153.40 starting Aug 30, 2025.
- Convertible upon default at 85% of lowest closing bid price; holder capped at 4.99% beneficial ownership.
- Issuance exempt from registration under Section 4(a)(2); proceeds for general working capital.