Clean Energy Technologies sells $178,410 convertible note to Pacific Pier Capital
Clean Energy Technologies, Inc. sold Pacific Pier Capital II, LP a convertible promissory note with a principal amount of $178,410 for a purchase price of $150,000.80, and the company received net funding of $143,000.80 after $7,000 in Pacific Pier's legal expenses were deducted. The note carries 12% annual interest and can be converted into common stock at a discount to recent trading prices, which could dilute existing shareholders, and the company must obtain shareholder approval before issuing more than 2,000,000 shares to Pacific Pier.
Key points
- Principal amount of $178,410 for a purchase price of $150,000.80; net funding of $143,000.80 after $7,000 in legal expenses
- Note matures 12 months after its August 7, 2026 issue date and accrues 12% annual interest
- Conversion price is 85% of the lowest daily VWAP over the prior 10 trading days, available six months after issue, with a 4.99% beneficial ownership limit
- Issuance above 2,000,000 shares requires shareholder approval by November 7, 2026
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 14, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.