secwatch.observer — SEC 8-K summary
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Issuer:     Clean Energy Technologies, Inc. (CETY)
CIK:        0001329606
Form:       8-K
Filed at:   2025-08-18T23:59:59+00:00
Accession:  0001641172-25-024666
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clean Energy Technologies secures $388,888 convertible note and 150,000 commitment shares from Mast Hill Fund
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1329606/000164117225024666/0001641172-25-024666-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1329606/000164117225024666/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-024666

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