Clean Energy Technologies: issues $500,000 convertible promissory note

What happened

• The filing reports that on Oct 18, 2026, Clean Energy Technologies, Inc. entered into a securities purchase agreement with Falcon Venture Limited and issued a convertible promissory note in the principal amount of $500,000 to Falcon. The purchase price had already been received by the Company.

Key details

• The Note matures on Oct 18, 2027 and accrues interest at 8% per annum; it is convertible at the holder’s election six months after issuance.
• Conversion price is equal to 85% of the lowest traded price during the ten trading days prior to the conversion date.
• Conversion is limited so the holder’s beneficial ownership cannot exceed 9.99% of the Company’s outstanding common stock and conversions requiring shareholder approval under Nasdaq Rule 5635(d) are restricted so as not to permit issuance of more than 2,432,004 shares in the aggregate without such approval.
• The securities purchase agreement requires that proceeds be used for business development and payment of Company obligations and provides for arbitration of disputes in Orange County, California.

Why it may matter

• The filing reports Item 1.01 (entry into a material definitive agreement), Item 2.03 (creation of a direct financial obligation), and Item 3.02 (unregistered sale of equity securities), which cover the securities purchase agreement, the Note as a financial obligation, and the issuance of convertible securities. The filing does not show why the insider traded or why the company acted.