Financing ·
Clean Energy Technologies, Inc. entered into a securities purchase agreement with Pacific Pier Capital II, LP to sell…
CETYClean Energy Technologies, Inc.
Clean Energy Technologies, Inc. entered into a securities purchase agreement with Pacific Pier Capital II, LP to sell a convertible promissory note with a principal amount of $178,410 for a purchase price of $150,000.80. The transaction closed on April 22, 2026, resulting in net funding of $143,000.80 to the company after deducting legal expenses. The note accrues interest at 12% per annum and matures twelve months from its August 7, 2026 issue date. It is convertible into common stock at a price equal to 85% of the lowest daily volume-weighted average price over the ten trading days prior to conversion, subject to a beneficial ownership limitation of 4.99%. The company must obtain shareholder approval by November 7, 2026 to issue shares exceeding an aggregate cap of 2,000,000 shares. Clean Energy Technologies operates in the environmental technology sector, providing air pollution control systems.