Ascent Solar Technologies Files 8-K

TL;DR

ASTI filed an 8-K on 5/23. Details on 'other events' and financials are pending.

AI Summary

Ascent Solar Technologies, Inc. filed an 8-K on May 23, 2024, reporting other events and financial statements. The filing does not contain specific financial figures or details about the nature of the "other events" beyond its classification.

Why It Matters

This 8-K filing indicates Ascent Solar Technologies is reporting significant events or financial updates to the SEC, which could impact investors' understanding of the company's current status.

Risk Assessment

Risk Level: medium — The filing is an 8-K, which typically contains material information, but the lack of specific details in the provided text necessitates a medium risk assessment until further information is available.

Key Players & Entities

• Ascent Solar Technologies, Inc. (company) — Registrant
• May 23, 2024 (date) — Date of Report
• Delaware (jurisdiction) — State of Incorporation
• 12300 Grant Street (address) — Principal Executive Offices
• Thornton, CO 80241 (address) — Principal Executive Offices Location
• (720) 872-5000 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

• $0.0001 — h registered Common Stock, par value $0.0001 per share ASTI Nasdaq Capital Marke
• $4,219,000 — ggregate sales price of initially up to $4,219,000, from time to time, through an "at the
• $4,344,000 — additional aggregate offering price of $4,344,000. The Shares will be issued pursuant to
• $4,216,209 — ent for gross proceeds of approximately $4,216,209. The Company's current outstanding shar

Filing Documents

• asti_8k.htm (8-K) — 30KB
• ex5x1.htm (EX-5.1) — 11KB
• 0001553350-24-000055.txt ( ) — 214KB
• asti-20240523.xsd (EX-101.SCH) — 3KB
• asti-20240523_lab.xml (EX-101.LAB) — 33KB
• asti-20240523_pre.xml (EX-101.PRE) — 22KB
• asti_8k_htm.xml (XML) — 3KB

01

Item 8.01 Other Events. As previously disclosed, 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"), with an aggregate sales price of initially up to $4,219,000, from time to time, through an "at the market offering" program. The Company has determined to increase the amount available for sale under the ATM Agreement, up to an additional aggregate offering price of $4,344,000. The Shares will be issued pursuant to our shelf registration statement on Form S-3 (File No. 333-267971) initially filed by the Company with the U.S. Securities and Exchange Commission (the "SEC") on October 21, 2022 and declared effective by the SEC on November 7, 2022, and a related prospectus supplement (the "Prospectus Supplement"), dated May 23, 2024, and the accompanying prospectus filed with the SEC on the date hereof in connection with the offer and sale of the Shares. Because there is no minimum offering amount required pursuant to the ATM Agreement, the total number of Shares to be sold under the ATM agreement, if any, and proceeds to the Company, if any, are not determinable at this time. The Company expects to use any net proceeds primarily for general and administrative expenses and other general corporate purposes. The Company's management will have significant discretion and flexibility in applying the net proceeds from the sale of these securities. This Current Report does not constitute an offer to sell or the solicitation of an offer to buy any security nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Attached hereto as Exhibit 5.1, and incorp

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 5.1 Opinion of Carrol Legal LLC, dated May 23, 2024 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 23, 2024 By: /s/ Jin Jo Name: Jin Jo Title: Chief Financial Officer

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View this 8-K filing on SEC EDGAR