Clean Energy Technologies, Inc. (CETY): debt financing — Clean Energy Technologies secures $388,888 convertible note and 150,000 commitment shares from Mast Hill Fund

Clean Energy Technologies, Inc.

Net proceeds of $341,500 after $8,500 legal fees; note matures 12 months with 10% interest.
Conversion price: lesser of $2.50/share or 90% of lowest 5-day VWAP; capped at 4.99% beneficial ownership.
Exchange Cap of 12,370,000 shares until shareholder approval; special meeting required if stock trades below $0.50.
Proceeds for working capital and business development; not for insider debt or officer loans.
Filing contradictory: note described as both 'junior secured' and 'unsecured' – terms per SPA and Note.

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 $388,888 with Mast Hill Fund, L.P. at 10% per annum maturing 12 months following the issue date.

Instrument: convertible notes
Principal: $388,888
Counterparty: Mast Hill Fund, L.P.
Rate: 10% per annum
Maturity: 12 months following the issue date
Event: incurrence

Exact text from the filing

Effective August 18, 2025, Clean Energy Technologies, Inc. (the “ Company ”), entered into a securities purchase agreement (the “ SPA ”) with Mast Hill Fund, L.P., a Delaware 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 $388,888 (the “ Note ”), and (ii) 150,000 shares of Company common stock (the “ Shares ”), for an aggregate purchase price of $350,000 (the " Transaction ").

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Clean Energy Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001641172-25-024666

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