Form 8-K - Current report
October 13 2023 - 5:10PM
Edgar (US Regulatory)
0001329606
false
0001329606
2023-10-13
2023-10-13
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported): October 13, 2023 (October 6, 2023).
CLEAN
ENERGY TECHNOLOGIES, INC.
(Exact
name of Company as specified in its charter)
Nevada |
|
001-41654 |
|
20-2675800 |
(State
or other jurisdiction |
|
(Commission |
|
(IRS
Employer |
of
Incorporation) |
|
File
Number) |
|
Identification
Number) |
2990
Redhill Avenue
Costa
Mesa, CA 92626
(Address
of principal executive offices)
Phone:
(949) 273-4990
(Company’s
Telephone Number)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Company under any
of the following provisions:
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common
Stock, par value $0.001 |
|
CETY |
|
NASDAQ |
Item
1.01 Entry into a Material Definitive Agreement.
On
October 6, 2023, Clean Energy Technologies, Inc. (the “Company”) entered into a Sales Agreement (the “Sales Agreement”)
with Roth Capital Partners, LLC, as sales agent (“Roth”), pursuant to which the Company may offer and sell from time to time
up to $25,000,000 of shares (the “ATM Offering”) of the Company’s common stock, par value $0.001 per share (“Shares”),
through Roth. The offer and sale of the Shares will be made pursuant to a prospectus supplement to the Company’s base shelf prospectus
to be filed under the Securities Act of 1933, as amended.
Sales
of the Shares, if any, pursuant to the Sales Agreement, may be made in sales deemed to be an “at the market offering” as
defined in Rule 415(a)(4) promulgated under the Securities Act, including sales made directly on or through the Nasdaq Capital Market
or on any other existing trading market for the Company’s Shares. The Shares may only be offered and sold by means of a prospectus,
including a prospectus supplement, forming part of the effective registration statement. The Company has no obligation to sell any of
the Shares under the Sales Agreement and may at any time suspend or terminate the offering of its common stock pursuant to the Sales
Agreement upon notice and subject to other conditions. Roth will act as sales agent and will use commercially reasonable efforts to sell
on the Company’s behalf all of the Shares requested to be sold by the Company, consistent with Roth’s normal trading and
sales practices, on mutually agreed terms between Roth and the Company.
Under
the terms of the Sales Agreement, the Company will pay Roth a commission of up to an aggregate 3.0% of the gross proceeds of the Shares
sold through them under the Sales Agreement. The Sales Agreement contains customary representations, warranties and agreements by the
Company, customary indemnification obligations of the Company and Roth against certain liabilities, including for liabilities under the
Securities Act, and termination provisions.
The
foregoing description of the Sales Agreement is qualified in its entirety by reference to the Sales Agreement, a copy of which is filed
as Exhibit 1.1 to this Current Report on Form 8-K and incorporated by reference herein.
This
Current Report on Form 8-K shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there
be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state or other jurisdiction.
Item
9.01 Financial Statement and Exhibits.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Clean
Energy Technologies, Inc.
|
/s/
Kambiz Mahdi |
|
By: |
Kambiz
Mahdi |
|
|
Chief
Executive Officer |
|
|
|
|
Date: |
October
13, 2023 |
|
Exhibit 1.1
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_001.jpg)
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_002.jpg)
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_003.jpg)
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_004.jpg)
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_005.jpg)
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_006.jpg)
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_007.jpg)
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_008.jpg)
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_009.jpg)
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_010.jpg)
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_011.jpg)
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_012.jpg)
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_013.jpg)
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_014.jpg)
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_015.jpg)
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_016.jpg)
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_017.jpg)
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_018.jpg)
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_019.jpg)
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_020.jpg)
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_021.jpg)
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_022.jpg)
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_023.jpg)
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_024.jpg)
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_025.jpg)
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_026.jpg)
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_027.jpg)
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_028.jpg)
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_029.jpg)
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_030.jpg)
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_031.jpg)
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_032.jpg)
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_033.jpg)
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_034.jpg)
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_035.jpg)
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_036.jpg)
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_037.jpg)
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_038.jpg)
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_039.jpg)
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_040.jpg)
![](https://www.sec.gov/Archives/edgar/data/1329606/000149315223037216/ex1-1_041.jpg)
v3.23.3
X |
- DefinitionBoolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
+ Details
Name: |
dei_AmendmentFlag |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionFor the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
+ Details
Name: |
dei_DocumentPeriodEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:dateItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
+ Details
Name: |
dei_DocumentType |
Namespace Prefix: |
dei_ |
Data Type: |
dei:submissionTypeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAddress Line 1 such as Attn, Building Name, Street Name
+ References
+ Details
Name: |
dei_EntityAddressAddressLine1 |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
dei_EntityAddressCityOrTown |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCode for the postal or zip code
+ References
+ Details
Name: |
dei_EntityAddressPostalZipCode |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the state or province.
+ References
+ Details
Name: |
dei_EntityAddressStateOrProvince |
Namespace Prefix: |
dei_ |
Data Type: |
dei:stateOrProvinceItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionA unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityCentralIndexKey |
Namespace Prefix: |
dei_ |
Data Type: |
dei:centralIndexKeyItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate if registrant meets the emerging growth company criteria.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityEmergingGrowthCompany |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCommission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
+ Details
Name: |
dei_EntityFileNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:fileNumberItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTwo-character EDGAR code representing the state or country of incorporation.
+ References
+ Details
Name: |
dei_EntityIncorporationStateCountryCode |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarStateCountryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityRegistrantName |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityTaxIdentificationNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:employerIdItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionLocal phone number for entity.
+ References
+ Details
Name: |
dei_LocalPhoneNumber |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 13e -Subsection 4c
+ Details
Name: |
dei_PreCommencementIssuerTenderOffer |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 14d -Subsection 2b
+ Details
Name: |
dei_PreCommencementTenderOffer |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTitle of a 12(b) registered security.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b
+ Details
Name: |
dei_Security12bTitle |
Namespace Prefix: |
dei_ |
Data Type: |
dei:securityTitleItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the Exchange on which a security is registered.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection d1-1
+ Details
Name: |
dei_SecurityExchangeName |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarExchangeCodeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Section 14a -Number 240 -Subsection 12
+ Details
Name: |
dei_SolicitingMaterial |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTrading symbol of an instrument as listed on an exchange.
+ References
+ Details
Name: |
dei_TradingSymbol |
Namespace Prefix: |
dei_ |
Data Type: |
dei:tradingSymbolItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Securities Act -Number 230 -Section 425
+ Details
Name: |
dei_WrittenCommunications |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
Clean Energy Technologies (QB) (USOTC:CETYD)
Historical Stock Chart
From Jun 2024 to Jul 2024
Clean Energy Technologies (QB) (USOTC:CETYD)
Historical Stock Chart
From Jul 2023 to Jul 2024