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GlobeNewsWire
15 days ago
Clean Energy Technologies Implements Reverse Stock Split to Support Continued Nasdaq Listing and Growth Plans
IRVINE, CA., Oct. 01, 2025 (GLOBE NEWSWIRE) -- Clean Energy Technologies, Inc. (Nasdaq: CETY) (the “Company” or “CETY”), a clean energy technology company offering power generation, waste to energy, battery storage, and heat to power solutions to deliver affordable, scalable, and eco-friendly energy, clean fuels, and alternative electricity for a sustainable future, is pleased to announce that its Board of Directors on September 19, 2025, approved a 1-for-15 reverse stock split of the Company's issued and outstanding shares of common stock, par value $0.001 per share, accompanied by a corresponding decrease in the Company's authorized shares of common stock (the “Reverse Stock Split”), such that, following the consummation of the Reverse Stock Split, the number of authorized shares of common stock will be reduced from 2,000,000,000 to 133,333,333. The reverse stock split is anticipated to be effective as of the open of the market on October 6, 2025.