Clean Energy Technologies, Inc. — Form 8-K
Filed July 8, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 76/100
What the filing says
Clean Energy Technologies issued a convertible promissory note to Coventry Enterprises LLC dated June 29, 2026. Coventry paid $150,000 in cash for a note with $166,500 principal amount (including $16,500 original issue discount). The note bears 12% interest, matures May 1, 2027, with 10 monthly payments of $18,648 due starting August 7, 2026. Conversion into common stock is permitted post-default at 85% of market price. Coventry must maintain 4.99% beneficial ownership limitation and reserve requirement is 1,391,428 shares (4x conversion amount).
Why this rating
At $9.2M market cap, $150K capital infusion represents ~1.6% of company value. Debt-heavy terms (150% default multiplier, 22% default interest, post-default conversion) and strict covenants create material risk. Not transformational, but meaningful near-term financing pressure and dilution risk if triggered.
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