Clean Energy Technologies, Inc. (CETY) Form 8-K — Oct 20, 2026
Clean Energy Technologies (CETY) issued a $500,000 convertible promissory note to Falcon Venture Limited on October 18, 2026, with an 8% interest rate and a 12-month maturity. The note converts after six months at 85% of the lowest traded price during the ten trading days prior to conversion — a steeply discounted, toxic-convert structure — with the holder also deducting $1,750 in fees per conversion. Dilution is capped at 2,432,004 shares unless shareholders approve more under Nasdaq Rule 5635(d), against just 12.17 million shares outstanding as of September 30, 2026.
Key figures
- Debt Amount
- 500000
- Interest Rate
- 8
- Maturity Date
- 2027-10-18
- Shares Outstanding
- 12166106
- Conversion discount
- 85% of lowest traded price during 10 trading days prior to conversion
- Exchange cap shares
- 2432004
- Default interest rate
- 16% per annum
- Conversion eligibility
- 6 months after issuance
- Mnpi liquidated damages
- $3,000 per day
- Conversion fee per notice
- 1750
- Beneficial ownership limit
- 9.99%
- Conversion failure penalty
- 2.0% per day of undelivered shares value
- Public information failure penalty
- 3% of purchase price per 30 days
AI analysis
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