CETY: Material Agreement, Equity Sale, New Financial Obligation
Ticker: CETY · Form: 8-K · Filed: Jan 8, 2024 · CIK: 1329606
Complexity: simple
Sentiment: mixed
Topics: debt, equity-sale, capital-raise
TL;DR
**CETY just took on new debt/issued shares, watch for potential dilution.**
AI Summary
Clean Energy Technologies, Inc. (CETY) entered into a material definitive agreement on January 3, 2024, involving the issuance of equity securities and the creation of a direct financial obligation. This 8-K filing, dated January 8, 2024, indicates that the company is raising capital, likely through an unregistered sale of stock, which could dilute existing shareholders' ownership. Investors should be aware that while this provides capital, it may also impact the per-share value of their holdings.
Why It Matters
This filing signals that Clean Energy Technologies, Inc. is taking on new debt or issuing shares, which can impact the company's financial health and potentially dilute existing shareholder value.
Risk Assessment
Risk Level: medium — The creation of a direct financial obligation and unregistered sales of equity securities can introduce financial risk and dilute existing shareholder value.
Analyst Insight
A smart investor would investigate the specifics of the 'Material Definitive Agreement' and the 'Unregistered Sales of Equity Securities' to understand the terms of the new financial obligation and the extent of potential dilution before making any investment decisions.
Key Players & Entities
- Clean Energy Technologies, Inc. (company) — the registrant filing the 8-K
- January 3, 2024 (date) — date of the earliest event reported
- January 8, 2024 (date) — date of the 8-K report
- 001-41654 (other) — Commission File Number
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 3, 2024.
What specific items are reported in this 8-K filing by Clean Energy Technologies, Inc.?
This 8-K filing reports on the 'Entry into a Material Definitive Agreement,' 'Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant,' and 'Unregistered Sales of Equity Securities,' as well as 'Financial Statements and Exhibits'.
What is the business address of Clean Energy Technologies, Inc.?
The business address of Clean Energy Technologies, Inc. is 2990 Redhill Avenue, Costa Mesa, CA 92626.
What is the company's telephone number?
The company's telephone number is (949) 273-4990.
What is the Commission File Number for Clean Energy Technologies, Inc.?
The Commission File Number for Clean Energy Technologies, Inc. is 001-41654.
Filing Stats: 799 words · 3 min read · ~3 pages · Grade level 10.4 · Accepted 2024-01-08 17:07:42
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 CETY Nasdaq Item 1.01 Entry into
- $143,750.00 — the Company in the principal amount of $143,750.00 (the "Note"), which amount is the $125,
- $125,000.00 — 50.00 (the "Note"), which amount is the $125,000.00 actual amount of the purchase price (th
- $18,750.00 — riginal issue discount in the amount of $18,750.00. The Note is convertible into shares of
- $5,000.00 — hase Price (i) a non-accountable sum of $5,000.00 to cover the Buyer's legal fees and (ii
- $7,187.50 — he Buyer's legal fees and (ii) a sum of $7,187.50 to cover the Company's fees owed to Rev
- $1.60 — hares of our Common Stock at a price of $1.60 per share, subject to anti-dilution adj
Filing Documents
- form8-k.htm (8-K) — 40KB
- ex10-1.htm (EX-10.1) — 359KB
- 0001493152-24-001731.txt ( ) — 651KB
- cety-20240108.xsd (EX-101.SCH) — 3KB
- cety-20240108_lab.xml (EX-101.LAB) — 33KB
- cety-20240108_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Clean Energy Technologies, Inc. /s/ Kambiz Mahdi By: Kambiz Mahdi Chief Executive Officer Date: January 8, 2024