Ascent Solar Technologies Files 8-K

TL;DR

Ascent Solar signed a big deal, filing an 8-K on May 16th.

AI Summary

On May 16, 2024, Ascent Solar Technologies, Inc. filed an 8-K report detailing a material definitive agreement. The company, incorporated in Delaware with its principal executive offices in Thornton, CO, is involved in the semiconductors and related devices industry.

Why It Matters

This filing indicates a significant new agreement for Ascent Solar Technologies, which could impact its future business operations and financial performance.

Risk Assessment

Risk Level: medium — An 8-K filing signifies a material event, which could introduce new risks or opportunities for the company.

Key Numbers

• 001-32919 — Commission File Number (Ascent Solar's SEC file number)
• 20-3672603 — IRS Employer Identification No. (Ascent Solar's tax identification number)

Key Players & Entities

• Ascent Solar Technologies, Inc. (company) — Registrant
• May 16, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation
• Thornton, CO (location) — Principal executive offices
• 3674 (sic_code) — Standard Industrial Classification for Semiconductors & Related Devices

FAQ

Key Financial Figures

• $0.0001 — h registered Common Stock, par value $0.0001 per share ASTI Nasdaq Capital Marke
• $4,219,000 — aving an aggregate sales price of up to $4,219,000, from time to time, through an "at the

Filing Documents

• asti_8k.htm (8-K) — 33KB
• ex5x1.htm (EX-5.1) — 11KB
• ex10x1.htm (EX-10.1) — 225KB
• 0001079973-24-000764.txt ( ) — 494KB
• asti-20240516.xsd (EX-101.SCH) — 3KB
• asti-20240516_lab.xml (EX-101.LAB) — 33KB
• asti-20240516_pre.xml (EX-101.PRE) — 22KB
• asti_8k_htm.xml (XML) — 3KB

01

Item 1.01 Entry into a Material Definitive Agreement. On May 16, 2024, Ascent Solar Technologies, Inc., a Delaware corporation ("we," "us," the "Company" or "Ascent"), entered into an At The Market Offering Agreement (the "ATM Agreement") with H.C. Wainwright & Co., LLC, as sales agent ("Wainwright"), to sell shares of its common stock, par value $0.0001 per share (the "Shares"), having an aggregate sales price of up to $4,219,000, from time to time, through an "at the market offering" program under which Wainwright will act as sales agent. The sales, if any, of the Shares made under the ATM Agreement will be made by any method permitted by law deemed to be an "at the market offering" as defined in Rule 415 promulgated under the Securities Act of 1933, as amended (the "Securities Act"), including sales made directly on or through the Nasdaq Capital Market or on any other existing trading market for the Company's common stock. We will pay Wainwright a commission rate equal to 3.0% of the aggregate gross sales price from the sales of Shares pursuant to the ATM Agreement and have agreed to provide Wainwright with customary indemnification and contribution rights against certain liabilities, including liabilities under the Securities Act. We will also reimburse Wainwright for certain specified expenses in connection with entering into the ATM Agreement, including certain fees and out-of-pocket expenses of its legal counsel. The ATM Agreement contains customary representations and warranties and conditions to the sale of the Shares pursuant thereto. We are not obligated to sell any of the Shares under the ATM Agreement and may at any time suspend solicitation and offers thereunder. No assurance can be given that we will sell any Shares under the ATM Agreement, or if we do, as to the price or amount of Shares that we will sell, or the dates on which any such sales will take place. The offering of Shares pursuant to the ATM Agreement will terminate on the earlier of (

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 5.1 Opinion of Carrol Legal LLC, date May 16, 2024 10.1 At The Market Offering Agreement, dated May 16, 2024, by and between Ascent Solar Technologies, Inc. and H.C. Wainwright & Co., LLC 23.1 Consent of Carroll Legal LLC (included in Exhibit 5.1) 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. May 16, 2024 By: /s/ Jin Jo Name: Jin Jo Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR