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AI brief of an SEC Form 8-K · Clean Energy Technologies, Inc. (CETY)

Clean Energy Technologies sells $2 million convertible note to FuFront AI

Mixed Impact 3 of 5 financing

Clean Energy Technologies, Inc. sold FuFront AI Pte. Ltd. a convertible promissory note with a principal amount of $2,000,000 for the same purchase price, with funding received and the transaction closed on November 4, 2026. The note carries 12% annual interest, matures October 3, 2027, and can convert into common stock at a discount to recent trading prices, which could dilute existing shareholders.

Key points

  • Principal of $2,000,000 at a purchase price of $2,000,000; closed November 4, 2026
  • Interest accrues at 12% per annum; note matures October 3, 2027
  • Convertible six months after issuance at 85% of the lowest traded price over the prior ten trading days
  • Conversion limited to 4.99% beneficial ownership, and to 2,432,004 aggregate shares absent Nasdaq Rule 5635(d) shareholder approval; holder deducts $1,750 per conversion for fees

The filing

CompanyClean Energy Technologies, Inc. (CETY)
Form8-K, current report
Filed with the SECNov 6, 2026, 5:17 PM ET
Accession number0001493152-26-050525

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation3.02 Unregistered Equity Sale

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 7:05 AM ET, from this filing only.

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.