Clean Energy Technologies sells USD 178,410 convertible note to Pacific Pier Capital II for USD 150,000.80
CETY•Convertible note sale and pricing terms
Clean Energy Technologies entered a securities purchase agreement with Pacific Pier Capital II for a $178,410 convertible promissory note.
Pacific Pier paid a purchase price of $150,000.80; $7,000 in legal fees were deducted; net proceeds were $143,000.80.
Maturity, interest and conversion features
The transaction was funded and closed on April 22, 2026; the agreement was effective August 10, 2026.
The note matures 12 months from the Aug. 7, 2026 issue date and carries 12% annual interest. It is convertible from six months post-issue at 85% of the lowest VWAP in the prior 10 trading days, subject to a 4.99% ownership cap.
