Loan & DebtNov 6, 2026, 05:21 PM
Clean Energy Technologies Issues $2M Convertible Note to FuFront AI
AI Summary
Clean Energy Technologies, Inc. (CETY) has entered into a securities purchase agreement with FuFront AI Pte. Ltd. for a $2,000,000 convertible promissory note. The note, issued on November 4, 2026, carries a 12% annual interest rate and matures on October 3, 2027. It is convertible into CETY's common stock at a discount, subject to beneficial ownership limitations and Nasdaq shareholder approval requirements. The transaction was funded by FuFront AI Pte. Ltd. for the full principal amount.
Key Highlights
- Clean Energy Technologies, Inc. issued a $2,000,000 convertible promissory note to FuFront AI Pte. Ltd.
- The note accrues interest at 12% per annum and matures on October 3, 2027.
- The note is convertible into common stock at 85% of the lowest traded price in the ten days prior to conversion.
- Conversion is limited to 4.99% beneficial ownership and requires Nasdaq shareholder approval if over 2,432,004 shares are issued.
- FuFront AI Pte. Ltd. purchased the note for $2,000,000, funded on November 4, 2026.
Price Impact
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