Clean Energy Technologies raises $500,000 through convertible note issued to Falcon Venture
CETY•Clean Energy Technologies issued Falcon Venture a $500,000 convertible promissory note on October 18, 2026. The note carries 8% annual interest, matures in one year and may convert at a discount, subject to ownership and share-issuance limits.
1. Note terms
The note matures on October 18, 2027, and its proceeds must fund business development and company obligations. Conversion becomes available six months after issuance at 85% of the lowest traded price over the preceding 10 trading days. Conversions are subject to a 9.99% beneficial ownership cap, and issuing more than 2,432,004 aggregate shares requires shareholder approval under Nasdaq rules.
