Clean Energy Technologies, Inc. Files 8-K with Key Agreements
Ticker: CETY · Form: 8-K · Filed: Jan 22, 2025 · CIK: 1329606
Sentiment: neutral
Topics: material-agreement, financial-obligation, equity-sale
Related Tickers: CETY
TL;DR
CETY filed an 8-K detailing material agreements, financial obligations, and equity sales.
AI Summary
On January 16, 2025, Clean Energy Technologies, Inc. entered into a material definitive agreement. The company also became subject to a direct financial obligation or an off-balance sheet arrangement. Additionally, the company reported unregistered sales of equity securities and filed financial statements and exhibits.
Why It Matters
This 8-K filing indicates significant corporate actions, including new financial obligations and equity sales, which could impact the company's financial structure and shareholder value.
Risk Assessment
Risk Level: medium — The filing involves material definitive agreements, financial obligations, and unregistered equity sales, which can introduce financial and operational risks.
Key Players & Entities
- Clean Energy Technologies, Inc. (company) — Registrant
- January 16, 2025 (date) — Date of earliest event reported
- 001-41654 (company) — SEC File Number
- 20-2675800 (company) — IRS Employer Identification Number
- 1340 Reynolds Avenue, Unit 120 Irvine, CA 92614 (company) — Principal Executive Offices Address
FAQ
What specific material definitive agreement did Clean Energy Technologies, Inc. enter into?
The filing indicates the entry into a material definitive agreement but does not specify the details of the agreement itself within the provided text.
What is the nature of the direct financial obligation or off-balance sheet arrangement?
The filing states that the company became subject to such an obligation or arrangement, but the specific details are not provided in this excerpt.
What were the terms of the unregistered sales of equity securities?
The filing reports unregistered sales of equity securities, but the specific terms, number of shares, or price are not detailed in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 16, 2025.
What is the principal executive office address for Clean Energy Technologies, Inc.?
The principal executive office address for Clean Energy Technologies, Inc. is 1340 Reynolds Avenue, Unit 120, Irvine, CA 92614.
Filing Stats: 1,192 words · 5 min read · ~4 pages · Grade level 11.1 · Accepted 2025-01-22 17:00:19
Key Financial Figures
- $0.001 — ch Registered Common Stock, par value $0.001 CETY The Nasdaq Stock Market LLC
- $1,637,833.33 — missory note in the principal amount of $1,637,833.33 (the " Note "), and (ii) warrants to pu
- $1,474,050 — "), for an aggregate purchase price of $1,474,050 (the " Transaction "). The Transactio
- $22,000 — the SPA, Mast Hill's legal expenses of $22,000 were paid from the gross purchase price
- $852,406.35 — ross purchase price, Mast Hill was paid $852,406.35 as payment in full of that certain prom
- $308,051 — nd the Company receiving net funding of $308,051.20, and the Note and Warrants were issu
- $0 — raded at a price per share of less than $0.50, for the purpose of obtaining shareh
- $2.50 — ersion price equal to the lesser of (i) $2.50/share, or (ii) 90% of the lowest dollar
- $1,750 — older of the Note is entitled to deduct $1,750 from the conversion amount in each note
- $2 — ss basis, and have an exercise price of $2.50, subject to adjustment as provided i
Filing Documents
- form8-k.htm (8-K) — 49KB
- ex10-1.htm (EX-10.1) — 265KB
- ex10-2.htm (EX-10.2) — 165KB
- ex10-3.htm (EX-10.3) — 163KB
- 0001493152-25-003246.txt ( ) — 958KB
- cety-20250116.xsd (EX-101.SCH) — 3KB
- cety-20250116_lab.xml (EX-101.LAB) — 33KB
- cety-20250116_pre.xml (EX-101.PRE) — 24KB
- form8-k_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunder duly authorized. CLEAN ENERGY TECHNOLOGIES, INC. Dated: January 22, 2025 By: /s/ Kambiz Mahdi Kambiz Mahdi Chief Executive Officer