Clean Energy Technologies raises $350K via convertible note with 15% discount conversion terms

Filed April 28, 2026 · Period ending April 22, 2026 · ~1 min read

Key Changes

• high

  Company issued $406K convertible note to Pacific Pier Capital for $350K net proceeds. Note converts at 85% of lowest VWAP over 10-day lookback, creating potential downward price pressure through discounted conversions.

  Item 1.01 verify on EDGAR →
• high

  Shareholder approval required by May 1, 2026 (3 days after filing) to exceed 2M share conversion cap. Preliminary proxy filing due June 1. Tight timeline suggests potential dilution exceeds 20% of outstanding shares.

  Item 1.01 verify on EDGAR →
• medium

  Proceeds restricted to business development and paying service providers. Explicit prohibitions on repaying insider debt, refinancing other corporate debt, or making affiliate loans indicate lender concerns about cash management.

  Item 1.01 verify on EDGAR →