SEC Company Response from Clean Energy Technologies, Inc. (CETY) (CIK 0001329606) (CETY) — Jul 28, 2025
Clean Energy Technologies, Inc. (CETY) (CIK 0001329606)
Date: July 28, 2025 · CIK: 0001329606 · Accession: 0001641172-25-021224
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File numbers found in text: 333-275127
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CORRESP
1
filename1.htm
VIA
EDGAR
July
28, 2025
Liz
Packebusch and Daniel Morris
United
States Securities and Exchange Commission
Division
of Corporate Finance
100
F. Street, N.E.
Washington,
D.C. 20549
Re:
Clean Energy Technologies, Inc.
Amendment
No. 6 to the Registration Statement on Form S-3
Filed
on June 23, 2025
File
No. 333-275127
Ladies
and Gentlemen:
Clean
Energy Technologies, Inc. (the “Company”) hereby responds to the letter, dated July 15, 2025 (the “Comment
Letter”), from the staff (the “Staff”) of the U.S. Securities and Exchange Commission (the “Commission”),
regarding the Company’s Registration Statement on Form S-3 (the “Registration Statement”). Concurrently
with the submission of this letter, the Company is submitting Amendment No. 7 to the Company’s Registration Statement on Form S-3
(the “Amended Registration Statement”) via EDGAR to the Commission for review in accordance with the procedures
of the Commission.
The
Company has responded to the Staff’s comments by revising the Registration Statement to address the comments, by providing an explanation
if the Company has not so revised the Registration Statement, or by providing supplemental disclosure as requested. The Staff’s
comments are enumerated below and followed by the Company’s response to each comment. Terms used but not otherwise defined herein
have the meanings set forth in the Amended Registration Statement. The changes reflected in the Amended Registration Statement include
those made in response to the Staff’s comments as well as other updates.
1.
We
note your response to prior comment 2 and reissue it in part. Please revise your disclosure here and in your risk factor at page
S-8 to disclose whether the majority of your revenues are derived from your natural gas trading operations in China.
Response:
We acknowledge the Staff’s comment and have revised disclosure to clarify that less than 5% of our current revenues and revenues
for the quarter ended June 30, 2025, are and were derived from our natural gas trading operatins in China.
2.
Please
update your disclosure in this section. For instance, you state that the Nasdaq rules provided the Company a compliance period of
180 calendar days from the date of the notice (or until May 5, 2025) in which to regain compliance with the Minimum Bid Price Requirement;
and that Nasdaq provided the Company an extension of until June 3, 2025, to regain compliance with the Annual Shareholder Meeting
Requirement.
Response:
We acknowledge the Staff’s comment and have revised our disclosure to state that the annual shareholder meeting deficiency has
been cured, and that we have received an extension to comply with the minimum bid price requirement.
3.
We
note your disclosure that, as of December 23, 2024, you entered into an amendment to the November Note, pursuant to which the maturity
date of the November Note was extended to January 23, 2025, and you agreed to (i) issue the Selling Stockholder an additional 50,000
shares of your common stock as additional commitment shares (the “Additional Commitment Shares”), and (ii) register the
Selling Stockholder’s commitment shares in your next registration statement. Please revise your disclosure to clarify, if true,
that the Additional Commitment Shares are issued and outstanding such that they are registerable for resale at this time.
Response:
We acknowledge the Staff’s comment and note that the 90,000 shares being registered for resale for the Selling Stockholder include
the Additional Commitment Shares. We have added clarifying revisions accordingly.
General
4.
We
note your disclosure that you believe Jack Bodenstein is the beneficial owner of shares held in the name of or beneficially owned
by Coventry Enterprises LLC. Please advise us why natural person disclosure cannot be provided for Coventry Enterprises LLC.
Response:
We acknowledge the Staff’s comment and note that we previously stated that we believed Mr. Bodenstein was the beneficial owner
of the shares because he had negotiated on behalf of the entity, but he had not confirmed to us that he had voting or dispositive power
with respect to securities held by the entity, nor had he confirmed to us that he was the beneficial owner of securities held by the
entity. We have now confirmed directly with Mr. Bodenstein that Mr. Bodenstein is the beneficial owner of securities held in the name
of entity, and we have revised the disclosure regarding his beneficial ownership accordingly.
Additionally,
we have ensured that the Amended Registration Statement contains the duplicate disclosure in the supplement prospectus as was contained
in the base prospectus, and we have populated relevant supplement prospectus blanks per Liz Packebusch’s oral comments communicated
to the Company’s counsel.
Please
contact Lance Brunson of Brunson Chandler & Jones, PLLC, counsel to the Company, at (801) 303-5737, or by email at lance@bcjlaw.com,
if you have any questions or if would like additional information with respect to any of the foregoing. Thank you for your assistance
and review.
Very truly yours,
/s/ Kambiz
Mahdi
Kambiz Mahdi
Chief Executive Officer