FuFront AI Completes $2 Million Convertible Note Investment in Clean Energy Technologies
Clean Energy Technologies disclosed in a U.S. SEC Form 8-K that FuFront AI Pte. Ltd. completed a $2 million convertible note transaction. The note carries a 12% annual interest rate and matures on October 3, 2027.
$2 Million Transaction Completed
Clean Energy Technologies, Inc. (Nasdaq: CETY) disclosed in a Form 8-K filed with the U.S. Securities and Exchange Commission (SEC) that it completed a $2 million convertible note transaction with FuFront AI Pte. Ltd.
According to the filing, the transaction became effective and closed on November 4, 2026. FuFront AI purchased a convertible promissory note with a principal amount of $2 million for the same purchase price, and Clean Energy Technologies received the full amount of funding.
Key Terms of the Note
The note carries an annual interest rate of 12% and matures on October 3, 2027. Beginning six months after issuance, the holder may elect to convert the note into shares of Clean Energy Technologies common stock at a conversion price equal to 85% of the lowest traded price during the ten trading days preceding the conversion date.
The public filing also specifies limits on conversion. The holder may not convert the note if doing so would cause its beneficial ownership to exceed 4.99% of the company's issued and outstanding common stock. Until the shareholder approval required under Nasdaq Rule 5635(d) is obtained, a conversion is also prohibited if it would cause more than 2,432,004 shares of common stock to be issued in the aggregate. For each conversion, the holder may deduct $1,750 from the conversion amount to cover associated fees.
Public Filing and Strategic Significance
Clean Energy Technologies filed the full securities purchase agreement and convertible promissory note as exhibits to its Form 8-K. The company reported the transaction as an unregistered sale of securities conducted under applicable exemptions from U.S. securities registration requirements.
The transaction reflects FuFront AI's growing interest beyond its core artificial intelligence business in the long-term connection between AI technology, computing infrastructure, and clean energy. As demand for AI computing continues to increase, energy efficiency, reliable supply, and lower-carbon infrastructure are becoming increasingly important considerations in the development of intelligent systems.
Sources
- Clean Energy Technologies, Inc. Form 8-K, filed November 6, 2026
- SEC Exhibit 10.1: Securities Purchase Agreement
- SEC Exhibit 10.2: Convertible Promissory Note
This article summarizes publicly available SEC filings and does not constitute investment advice.