CETY Sells Equity Securities in Unregistered Offering
Ticker: CETY · Form: 8-K · Filed: Feb 7, 2024 · CIK: 1329606
Complexity: simple
Sentiment: mixed
Topics: equity-offering, dilution, capital-raise
TL;DR
**CETY just sold new shares privately, watch for dilution.**
AI Summary
Clean Energy Technologies, Inc. (CETY) entered into a material definitive agreement on February 2, 2024, involving the unregistered sale of equity securities. This filing, an 8-K, indicates the company is raising capital through private placement, which could dilute existing shareholders' ownership. Investors should note this as it signals a potential need for funding and could impact the stock's value due to increased share count.
Why It Matters
This filing signals that Clean Energy Technologies, Inc. is raising capital, likely through a private placement, which could dilute existing shareholders and impact the stock price.
Risk Assessment
Risk Level: medium — The unregistered sale of equity securities can lead to dilution for existing shareholders, posing a medium risk to their investment value.
Analyst Insight
A smart investor would monitor subsequent filings for details on the number of shares sold and the price per share to assess the extent of dilution and its potential impact on existing holdings.
Key Players & Entities
- Clean Energy Technologies, Inc. (company) — the company filing the 8-K
- February 2, 2024 (date) — date of the earliest event reported
- February 7, 2024 (date) — date of the 8-K filing
Forward-Looking Statements
- Clean Energy Technologies, Inc. will experience short-term stock price volatility due to potential dilution from the unregistered equity sales. (Clean Energy Technologies, Inc.) — medium confidence, target: 2024-05-07
FAQ
What is the primary event reported in this 8-K filing by Clean Energy Technologies, Inc.?
The primary event reported is the entry into a Material Definitive Agreement and Unregistered Sales of Equity Securities, with the earliest event date being February 2, 2024.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 2, 2024.
What is the full name of the company that filed this 8-K?
The full name of the company that filed this 8-K is Clean Energy Technologies, Inc.
What is the company's business address as stated in the filing?
The company's business address is 2990 Redhill Avenue, Costa Mesa, CA 92626.
Under which items of Form 8-K was this report filed?
This report was filed under Item 1.01 (Entry into a Material Definitive Agreement) and Item 3.02 (Unregistered Sales of Equity Securities), and Item 9.01 (Financial Statements and Exhibits).
Filing Stats: 753 words · 3 min read · ~3 pages · Grade level 11.1 · Accepted 2024-02-07 17:18:40
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 CETY Nasdaq Item 1.01 Entry into
- $92,000 — the Company in the principal amount of $92,000 (the "Note") for a purchase price of $8
- $80,000 — 00 (the "Note") for a purchase price of $80,000 plus an original issue discount in the
- $12,000 — riginal issue discount in the amount of $12,000, and a one-time interest charge of $9,2
- $9,200 — ,000, and a one-time interest charge of $9,200. The Company shall make ten (10) paymen
- $10,120 — ten (10) payments each in the amount of $10,120 to the Buyer every month, with the firs
- $1 — res of Common Stock equals the lower of $1.60, subject to adjustment as provided i
Filing Documents
- form8-k.htm (8-K) — 39KB
- ex10-1.htm (EX-10.1) — 10KB
- ex10-2.htm (EX-10.2) — 11KB
- ex10-1_001.jpg (GRAPHIC) — 2314KB
- ex10-1_002.jpg (GRAPHIC) — 1035KB
- ex10-1_003.jpg (GRAPHIC) — 3794KB
- ex10-1_004.jpg (GRAPHIC) — 4401KB
- ex10-1_005.jpg (GRAPHIC) — 3048KB
- ex10-1_006.jpg (GRAPHIC) — 4137KB
- ex10-1_007.jpg (GRAPHIC) — 2973KB
- ex10-1_008.jpg (GRAPHIC) — 4119KB
- ex10-1_009.jpg (GRAPHIC) — 3855KB
- ex10-1_010.jpg (GRAPHIC) — 1839KB
- ex10-1_011.jpg (GRAPHIC) — 527KB
- ex10-2_001.jpg (GRAPHIC) — 971KB
- ex10-2_002.jpg (GRAPHIC) — 957KB
- ex10-2_003.jpg (GRAPHIC) — 1168KB
- ex10-2_004.jpg (GRAPHIC) — 1289KB
- ex10-2_005.jpg (GRAPHIC) — 1170KB
- ex10-2_006.jpg (GRAPHIC) — 1298KB
- ex10-2_007.jpg (GRAPHIC) — 1265KB
- ex10-2_008.jpg (GRAPHIC) — 968KB
- ex10-2_009.jpg (GRAPHIC) — 1186KB
- ex10-2_010.jpg (GRAPHIC) — 762KB
- ex10-2_011.jpg (GRAPHIC) — 222KB
- ex10-2_012.jpg (GRAPHIC) — 543KB
- 0001493152-24-005278.txt ( ) — 60605KB
- cety-20240207.xsd (EX-101.SCH) — 3KB
- cety-20240207_lab.xml (EX-101.LAB) — 33KB
- cety-20240207_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: February 7, 2024