Clean Energy Technologies Files 8-K for Equity Sale
Ticker: CETY · Form: 8-K · Filed: Jun 24, 2024 · CIK: 1329606
Sentiment: neutral
Topics: equity-sale, definitive-agreement, capital-raise
Related Tickers: CETI
TL;DR
CETI sold unregistered equity, raising capital. Details TBD.
AI Summary
On June 18, 2024, Clean Energy Technologies, Inc. entered into a Material Definitive Agreement with an unnamed party for the sale of unregistered equity securities. The filing also notes the company's financial statements and exhibits.
Why It Matters
This filing indicates Clean Energy Technologies, Inc. is raising capital through the sale of equity, which could impact its financial structure and shareholder value.
Risk Assessment
Risk Level: medium — The sale of unregistered equity can sometimes signal financial distress or dilution for existing shareholders.
Key Players & Entities
- Clean Energy Technologies, Inc. (company) — Filer of the 8-K report
- June 18, 2024 (date) — Date of the Material Definitive Agreement
- June 24, 2024 (date) — Date of the earliest event reported and filing date
FAQ
What was the specific nature of the Material Definitive Agreement?
The filing states it was for the sale of unregistered equity securities, but the specific terms and counterparty are not detailed in this section.
What is the total amount of equity sold?
The filing does not specify the dollar amount or number of shares involved in the unregistered equity sale.
Who is the counterparty to the Material Definitive Agreement?
The filing does not disclose the name of the party with whom Clean Energy Technologies, Inc. entered into the agreement.
What is the purpose of selling unregistered equity securities?
While not explicitly stated, companies often sell unregistered equity to raise capital, potentially for operations, expansion, or debt repayment.
When was the agreement entered into?
The agreement was entered into on June 18, 2024.
Filing Stats: 698 words · 3 min read · ~2 pages · Grade level 11.8 · Accepted 2024-06-24 16:30:44
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 CETY Nasdaq Item 1.01 Entry into
- $1,083,000 — bers for an aggregate purchase price of $1,083,000, or $0.90 per Unit, with each unit cons
- $0.90 — regate purchase price of $1,083,000, or $0.90 per Unit, with each unit consisting of
- $2.00 — Warrant is exercisable at the price of $2.00 per share, expiring one year from the d
Filing Documents
- form8-k.htm (8-K) — 38KB
- ex10-1.htm (EX-10) — 327KB
- ex10-1_001.jpg (GRAPHIC) — 4KB
- 0001493152-24-024965.txt ( ) — 585KB
- cety-20240624.xsd (EX-101.SCH) — 3KB
- cety-20240624_lab.xml (EX-101.LAB) — 33KB
- cety-20240624_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 4KB
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: June 24, 2024