Clean Energy Technologies Inc (CETY)

[CETY IR]

CETY’s recent debt restructuring will increase our financial flexibility and allow for increased growth initiatives. Key benefits include:

✅ Enables the notes to be converted at a 20% discount to the market price
✅ Converted notes no longer require mandatory redemption in cash and cannot default
✅ Notes will now receive a 15% dividend, replacing the previous 15% interest rate
✅The converted securities will be subject to customary transfer restrictions

CETY also retains the option to settle the notes using future capital raises at its own discretion. Read more details here: https://www.globenewswire.com/news-release/2023/11/20/2783346/0/en/Clean-Energy-Technologies-Inc-Announces-Significant-Balance-Sheet-Improvement-due-to-Financial-Restructuring.html #BusinessUpdate