Clean Energy Technologies (NASDAQ: CETY) adds $260K short-term debt
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Clean Energy Technologies, Inc. entered into a short-term secured financing arrangement with Agile Capital Funding, LLC. On May 27, 2026, the company borrowed approximately $260,000 under a Subordinated Business Loan and Security Agreement and related Subordinated Secured Promissory Note.
Under these terms, the company must repay approximately $389,740 to Agile, amortizing over about 32 weeks. This transaction creates a new direct financial obligation for the company, documented as a material definitive agreement and reported as such.
Positive
- None.
Negative
- None.
8-K Event Classification
3 items: 1.01, 2.03, 9.01
3 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Loan principal borrowed: approximately $260,000
Total repayment amount: approximately $389,740
Amortization period: approximately 32 weeks
+1 more
4 metrics
Loan principal borrowed
approximately $260,000
Short-term secured cash advance from Agile Capital Funding, LLC on May 27, 2026
Total repayment amount
approximately $389,740
Amount due to Agile under Subordinated Secured Promissory Note
Amortization period
approximately 32 weeks
Repayment schedule for the Agile Capital Funding loan
Form type
Form 8-K
Filed for entry into a material definitive agreement and creation of direct financial obligation
Key Terms
Material Definitive Agreement, Subordinated Business Loan and Security Agreement, Subordinated Secured Promissory Note, direct financial obligation
4 terms
Material Definitive Agreement regulatory
"Item 1.01. Entry into a Material Definitive Agreement."
A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.
Subordinated Business Loan and Security Agreement financial
"the Subordinated Business Loan and Security Agreement dated May 27, 2026"
Subordinated Secured Promissory Note financial
"to be repaid over approximately 32 weeks pursuant to a Subordinated Secured Promissory Note"
direct financial obligation regulatory
"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement"
FAQ
What financing did Clean Energy Technologies (CETY) enter into on May 27, 2026?
Clean Energy Technologies entered into a short-term secured cash advance loan with Agile Capital Funding, LLC, borrowing approximately $260,000. The arrangement is documented in a Subordinated Business Loan and Security Agreement and a Subordinated Secured Promissory Note dated May 27, 2026.
How much must Clean Energy Technologies (CETY) repay under the new loan?
Clean Energy Technologies is obligated to repay approximately $389,740 to Agile Capital Funding, LLC. This amount is scheduled to amortize over about 32 weeks under the Subordinated Secured Promissory Note issued on May 27, 2026, creating a direct financial obligation.
Who is the lender in Clean Energy Technologies’ (CETY) new loan agreement?
The lender is Agile Capital Funding, LLC. Clean Energy Technologies borrowed approximately $260,000 from Agile under a Subordinated Business Loan and Security Agreement, with repayment of about $389,740 over 32 weeks set out in a Subordinated Secured Promissory Note.
What type of obligation did Clean Energy Technologies (CETY) create with Agile Capital Funding?
Clean Energy Technologies created a direct financial obligation through a short-term secured cash advance loan. The company will repay about $389,740 over roughly 32 weeks under a Subordinated Secured Promissory Note, which the company classifies as a material definitive agreement.
How long is the repayment period for Clean Energy Technologies’ (CETY) loan from Agile?
The repayment period is approximately 32 weeks. During this time, Clean Energy Technologies will amortize payments totaling about $389,740 to Agile Capital Funding, LLC under the Subordinated Secured Promissory Note executed on May 27, 2026.