Loan & DebtJul 31, 2026, 05:21 PM
Clean Energy Technologies Secures $147,840 Convertible Promissory Note
AI Summary
Clean Energy Technologies, Inc. entered into a securities purchase agreement with 1800 Diagonal Lending LLC, securing a convertible promissory note with a principal amount of $147,840. The company received net funding of $125,000, which will be used for general working capital. The note matures on April 30, 2027, accrues a one-time 12% interest charge, and is repayable in nine monthly installments.
Key Highlights
- Secured a convertible promissory note with a principal amount of $147,840.
- Received net funding of $125,000 from 1800 Diagonal Lending LLC.
- Note matures on April 30, 2027, with a one-time 12% interest charge.
- Repayable in 9 monthly payments of $18,397.78, starting August 30, 2026.
- Proceeds to be used for general working capital purposes.
- Convertible upon default at 85% of the lowest closing bid price.
Price Impact
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