Clean Energy Technologies secures $2 million convertible note financing from FuFront AI
CETY•Clean Energy Technologies secured $2 million from FuFront AI through a convertible promissory note issued November 4, 2026. The note carries 12% annual interest, matures October 3, 2027, and can convert at 85% of the lowest traded share price over a preceding 10-day period.
1. Convertible note terms
The note can convert starting six months after issuance and allows a $1,750 fee deduction per conversion. Conversions are capped at 4.99% beneficial ownership; issuing more than 2,432,004 shares in aggregate requires shareholder approval under Nasdaq rules.
