Ascent Solar Technologies Files Current Report

TL;DR

ASTI filed a 8-K on 4/18/24, confirming its Nasdaq listing and corporate info.

AI Summary

Ascent Solar Technologies, Inc. reported on April 18, 2024, that its common stock trades under the symbol ASTI on the Nasdaq Capital Market. The company is incorporated in Delaware and its principal executive offices are located in Thornton, CO. This filing is a current report under Section 13 or 15(d) of the Securities Exchange Act of 1934.

Why It Matters

This filing confirms Ascent Solar Technologies' ongoing reporting obligations and its listing on the Nasdaq Capital Market, providing transparency for investors.

Risk Assessment

Risk Level: low — This is a routine filing confirming basic corporate information and reporting status, not indicating new material events.

Key Numbers

• 001-32919 — Commission File Number (Identifier for the company's filings)
• 20-3672603 — I.R.S. Employer Identification No. (Tax identification number)

Key Players & Entities

• Ascent Solar Technologies, Inc. (company) — Registrant
• April 18, 2024 (date) — Date of earliest event reported
• ASTI (company) — Trading Symbol
• Nasdaq Capital Market (company) — Exchange
• Delaware (jurisdiction) — State of incorporation
• Thornton, CO (location) — Address of principal executive offices

FAQ

Key Financial Figures

• $0.14 — rants, at a per share offering price of $0.14. The Pre-Funded Warrants are immediatel
• $0.0001 — e immediately exercisable at a price of $0.0001 per share of common stock and only expi
• $5.09 million — m all closings under the offering total $5.09 million before deducting offering expenses. In
• $3.6 million — gs of the offering were utilized to pay $3.6 million to repurchase and cancel a total of 5,5
• $1.76 — mmon warrants with an exercise price of $1.76 per share that were issued with our sec
• $155,000 — le fees of legal counsel, not to exceed $155,000. The Placement Agent Agreement also con
• $0.175 — on stock, at an exercise price equal to $0.175 per share. The Placement Agent's Warran
• $685,000 — C. ("Cedar"), for a principal amount of $685,000. Total interest on this loan is $308,25
• $308,250 — 685,000. Total interest on this loan is $308,250. The Company will repay the loan in 32
• $31,000 — repay the loan in 32 weekly payments of $31,000. The loan is not convertible into equit

Filing Documents

• asti_8k.htm (8-K) — 35KB
• ex10x1.htm (EX-10.1) — 7KB
• image_001.jpg (GRAPHIC) — 239KB
• image_002.jpg (GRAPHIC) — 329KB
• image_003.jpg (GRAPHIC) — 717KB
• image_004.jpg (GRAPHIC) — 696KB
• image_005.jpg (GRAPHIC) — 760KB
• image_006.jpg (GRAPHIC) — 724KB
• image_007.jpg (GRAPHIC) — 767KB
• image_008.jpg (GRAPHIC) — 723KB
• image_009.jpg (GRAPHIC) — 754KB
• image_010.jpg (GRAPHIC) — 788KB
• image_011.jpg (GRAPHIC) — 336KB
• 0001079973-24-000560.txt ( ) — 9625KB
• asti-20240418.xsd (EX-101.SCH) — 3KB
• asti-20240418_lab.xml (EX-101.LAB) — 33KB
• asti-20240418_pre.xml (EX-101.PRE) — 22KB
• asti_8k_htm.xml (XML) — 3KB

01. Entry Into

Item 1.01. Entry Into a Material Definitive Agreement. Public Offering Closings On April 18, 2024, Ascent Solar Technologies, Inc. ("Ascent" or the "Company"), completed additional closings under its previously announced "best efforts" public offering of common stock and/or Pre-Funded Warrants, at a per share offering price of $0.14. The Pre-Funded Warrants are immediately exercisable at a price of $0.0001 per share of common stock and only expire when such Pre-Funded warrants are fully exercised. Aggregate gross proceeds from all closings under the offering total $5.09 million before deducting offering expenses. In the completed closings, the Company has issued an aggregate of (i) 15,179,460 common shares and (ii) 21,162,277 Pre-Funded Warrants. The net proceeds from the closings of the offering were utilized to pay $3.6 million to repurchase and cancel a total of 5,596,232 outstanding common warrants with an exercise price of $1.76 per share that were issued with our secured notes issued in December 2022. The repurchase of these warrants eliminated a substantial potential future issuance of common stock at a substantially reduced price. These warrants would have been adjusted in accordance with their terms to provide for the purchase of 70,554,495 shares of the Company's common stock at an exercise price of $0.14 if they had not been repurchased by the Company. The remaining proceeds of the offering will be used for general and administration expenses and other general corporate purposes. Placement Agent Agreement On April 9, 2024, the Company entered into a placement agency agreement (the "Placement Agent Agreement") with Dawson James Securities Inc. ("Dawson James" or the "Placement Agent") pursuant to which the Company engaged the Dawson James as the placement agent in connection with the offering. The Placement Agent agreed to use its reasonable best efforts to arrange for the sale of the shares of common stock. The Company agreed to pay the Placemen

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 1.1 Form of Placement Agent Agreement (incorporated by reference to Exhibit 1.1 filed with Amendment No. 3 to the Company's Registration on Form S-1 (File no. 333-277070) 4.1 Form of Pre-Funded Warrant (incorporated by reference to Exhibit 4.6 filed with Amendment No. 1 to the Company's Registration on Form S-1 (File no. 333-277070) 4.2 Form of Placement Agent Warrant (incorporated by reference to Exhibit 4.4 filed with Amendment No. 3 to the Company's Registration on Form S-1 (File no. 333-277070) 4.3 Form of Pre-Funded Warrant Agency Agreement (incorporated by reference to Exhibit 4.8 filed with Amendment No. 1 to the Company's Registration on Form S-1 (File no. 333-277070) 10.1 Cedar Loan Agreement dated April 17, 2024 104 Cover Page Interactive Data File - the cover page iXBRL tags are embedded within the Inline XBRL document

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ASCENT SOLAR TECHNOLOGIES, INC. April 18, 2024 By: /s/ Jin Jo Name: Jin Jo Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR