Clean Energy Technologies Announces Significant Balance Sheet Improvement Due To Financial Restructuring; Mast Hill Fund, L.P., An Investor And Partner Of CETY Converted An Aggregate Of $1.95M Notes Including Accrued Interest From Liability To Equity
Clean Energy Technologies Announces Significant Balance Sheet Improvement Due To Financial Restructuring; Mast Hill Fund, L.P., An Investor And Partner Of CETY Converted An Aggregate Of $1.95M Notes Including Accrued Interest From Liability To Equity
Clean Energy Technologies, Inc. (NASDAQ:CETY) ("CETY" or the "Company"), a rising leader in clean energy solutions, today announces significant balance sheet improvement due to a key financial structuring.
清潔能源解決方案領域崛起的領導者清潔能源技術公司（納斯達克股票代碼：CETY）（“CETY” 或 “公司”）今天宣佈，由於關鍵的財務結構，資產負債表有了顯著改善。
Mast Hill Fund, L.P. ("Mast Hill"), a long-term investor and partner of CETY converted an aggregate of $1.95 million notes including accrued interest from liability to equity. This increases shareholder's equity from $5.38 million to approximately $7.33 million. Liabilities have decreased from $5.7 million to approximately $3.75 million because of this debt restructuring.
CETY的長期投資者和合夥人Mast Hill Fund, L.P.（“Mast Hill”）將包括應計利息在內的共計195萬美元的票據從負債轉換爲股權。這使股東權益從538萬美元增加到約733萬美元。由於這次債務重組，負債已從570萬美元減少到約375萬美元。
The terms of the debt restructuring contribute to a favorable scenario for CETY, increasing CETY's financial flexibility and allows more financial resources to be deployed for growth initiatives. This conversion from debt to preferred equity offers multiple key benefits: Firstly, it enables the notes to be converted at a 20% discount to the market price, thereby closely aligning the investor's interests with the Company's performance. Furthermore, the converted notes no longer require mandatory redemption in cash and cannot default, significantly reducing financial pressures. Additionally, the notes will now receive a 15% dividend, replacing the previous 15% interest rate, until the preferred shares are converted or settled. Moreover, the converted securities will be subject to customary transfer restrictions. Finally, the Company retains the option to settle the notes using future capital raises at its own discretion.
債務重組的條款爲CETY創造了有利的前景，增加了CETY的財務靈活性，並允許爲增長計劃部署更多金融資源。這種從債務到優先股的轉換具有多個關鍵好處：首先，它使票據能夠以市場價格20％的折扣進行轉換，從而使投資者的利益與公司的業績緊密結合。此外，轉換後的票據不再需要強制性現金贖回，也不能違約，從而大大減輕了財務壓力。此外，在優先股轉換或結算之前，票據現在將獲得15％的股息，取代之前的15％利率。此外，轉換後的證券將受到慣常的轉讓限制。最後，公司保留自行決定使用未來資金結算票據的選擇權。
This press release does not constitute an offer to sell, or the solicitation of an offer to buy any shares of common stock issuable upon conversion of the notes, nor will there be any sale of any such shares of common stock, in any state or other jurisdiction in which such offer, sale or solicitation would be unlawful. The shares of common stock issuable upon conversion of the notes, if any, will not be registered under the Securities Act or any state securities laws, and unless so registered, such shares may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state laws.
本新聞稿不構成出售要約，也不構成對票據轉換後可發行的任何普通股的收購要約，也不會在任何此類要約、出售或招標爲非法的州或其他司法管轄區出售任何此類普通股。票據轉換後可發行的普通股（如果有）將不會根據《證券法》或任何州證券法進行登記，除非這樣登記，否則除非符合《證券法》和適用的州法律的註冊要求的豁免，否則不得在美國發行或出售此類股票。
譯文內容由第三人軟體翻譯。