Clean Energy Technologies Approves 15:1 Reverse Stock Split
Clean Energy Technologies, listed on the Nasdaq Composite as CETY, has received approval for a significant reverse stock split. The Board of Directors gave the green light on September 19, 2025, aiming to maintain Nasdaq Composite compliance and boost growth. The reverse stock split, set to take effect before the stock market today opens on October 6, 2025, will combine every 15 shares into one. This means that for every 15 shares a holder currently has, they will receive one share post-split. The authorized shares will decrease from 2000 million to 133.3 million. Following the split, outstanding shares will drop from 69.7 million to 4.65 million. Shareholders need not take any action. The reverse stock split, approved by Clean Energy Technologies' Board of Directors, is expected to enhance the company's Nasdaq Composite listing compliance and growth prospects. The change will be effective before the stock market opens on October 6, 2025.
