Clean Energy Technologies, Inc. announced that it has entered into a subscription agreement with certain individual investors to issue up to 2,000,000 units at a price of $0.45 per unit for the gross proceeds of $900,000 on March 15, 2024. Each unit consisting of one share of common stock, par value $0.001 per share and a warrant to purchase one share of common stock. The warrant is exercisable at exercise price of $1.60 per share, expiring one year from the date of issuance.

The issuance of the Units, Warrant and Common Stock issuable thereunder was exempt from the registration requirements of the Securities Act of 1933, as amended pursuant to the exemption for transactions by an issuer not involving any public offering under Section 4(a)(2) of the Securities Act, Rule 506 under Regulation D of the Securities Act.