CETY Clean Energy Technologies, Inc.
Price Chart
Executive Summary
CETY entered into a $406,000 convertible promissory note with Pacific Pier Capital II, receiving net proceeds of ~$350,280 after OID and fees. The note carries 12% interest, converts at 85% of the lowest VWAP over 10 days (after 6 months), and includes a 125% prepayment penalty. The structure is highly dilutive to existing shareholders, with an exchange cap of 2M shares (16% of outstanding) before shareholder approval.
Key Financial Metrics
Actionable Insight
The convertible note is toxic—expect heavy selling pressure as Pacific Pier converts at a discount and sells shares. Monitor for shareholder approval filings (Schedule 14C) and any conversions near the 6-month lockup expiry. The stock may face sustained downward pressure from the overhang.
Key Facts
- Principal amount $406,000, purchased at $357,280 (12% OID), net proceeds ~$350,280.
- Matures 12 months from April 20, 2026, interest 12% per annum.
- Conversion after 6 months at 85% of lowest VWAP over prior 10 trading days.
- Exchange cap of 2,000,000 shares (16% of 12.2M shares outstanding) until shareholder approval.
- Prepayment allowed at 125% of principal plus accrued interest plus $750 fee.
- Piggyback registration rights granted to investor.
Financial Impact
Net proceeds of $350,280 equate to ~3.5% of market cap ($10M), but potential dilution from conversion could be significant due to discount pricing.
Risk Factors
- Severe dilution from low conversion price relative to market.
- Potential default if market cap falls below $5M (Event of Default).
- Shareholder approval risk—if denied, conversion limited to 2M shares but still material.
- Accelerated prepayment penalty (125%) if company tries to refinance.
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-019371 |
| Exhibit: ex10-2.htm | 0001493152-26-019371 |
| Document: form8-k.htm | 0001493152-26-019371 |
| Document: 0001493152-26-019371-index-headers.html | 0001493152-26-019371 |
| Document: 0001493152-26-019371-index.html | 0001493152-26-019371 |
| Document: 0001493152-26-019371.txt | 0001493152-26-019371 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 8, 2026
6d ago
|
8-K
| $0.7744 awaiting T+5 | awaiting T+5 | — | $1.00 (−29.13%) |
|
Jun 5, 2026
9d ago
|
10-Q/A
| $0.6900 awaiting T+5 | awaiting T+5 | — | $1.00 (−44.93%) |
|
Jun 5, 2026
9d ago
|
10-Q/A
| $0.6900 awaiting T+5 | awaiting T+5 | — | $1.00 (−44.93%) |
|
Jun 5, 2026
9d ago
|
10-Q/A
| $0.6900 awaiting T+5 | awaiting T+5 | — | $1.00 (−44.93%) |
|
Jun 5, 2026
9d ago
|
10-K/A
| $0.6900 awaiting T+5 | awaiting T+5 | — | $1.00 (−44.93%) |
|
May 29, 2026
16d ago
|
Press Release
| $0.7900 $0.7600 | ▲ +3.80% | ▲ +1.05% | $1.00 (−26.58%) |
|
May 29, 2026
16d ago
|
8-K
| $0.7900 $0.7600 | ▲ +3.80% | ▲ +1.05% | $1.00 (−26.58%) |
|
Apr 28, 2026
6w ago
|
8-K
| $0.7750 $0.9580 | ▼ −23.61% | ▼ −20.50% | $1.00 (−29.03%) |
|
Apr 23, 2026
7w ago
|
8-K
| $0.7960 $0.7750 | ▲ +2.64% | ▲ +4.12% | $1.00 (−25.63%) |
|
Apr 23, 2026
7w ago
|
Press Release
| $0.7960 $0.7750 | ▲ +2.64% | ▲ +4.12% | $1.00 (−25.63%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access