Clean Energy Technologies, Inc. entered into a securities purchase agreement with FuFront AI Pte. Ltd., selling a convertible promissory note for $2,000,000. The note matures on October 3, 2027, and accrues interest at 12% per annum. It is convertible six months after issuance into common stock at a price equal to 85% of the lowest traded price during the ten trading days prior to conversion, subject to beneficial ownership limits and shareholder approval requirements under Nasdaq rules. The company operates in the environmental technology sector.
