Ascent Solar Faces Delisting Concerns

TL;DR

ASTI might get delisted, stock could be in trouble.

AI Summary

Ascent Solar Technologies, Inc. filed an 8-K on June 14, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule. The company's principal executive offices are located at 12300 Grant Street, Thornton, CO 80241.

Why It Matters

This filing indicates potential issues with Ascent Solar Technologies' continued listing on an exchange, which could impact its stock trading and investor confidence.

Risk Assessment

Risk Level: high — A notice of delisting directly threatens the company's ability to remain publicly traded, posing a significant risk to investors.

Key Players & Entities

• Ascent Solar Technologies, Inc. (company) — Registrant
• June 14, 2024 (date) — Filing Date
• June 11, 2024 (date) — Earliest Event Reported
• 12300 Grant Street, Thornton, CO 80241 (location) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.0001 — h registered Common Stock, par value $0.0001 per share ASTI Nasdaq Capital Marke
• $1.00 m — Company was not in compliance with the $1.00 minimum bid price requirement set forth i

Filing Documents

• asti_8k.htm (8-K) — 28KB
• 0001079973-24-000887.txt ( ) — 195KB
• asti-20240611.xsd (EX-101.SCH) — 3KB
• asti-20240611_lab.xml (EX-101.LAB) — 33KB
• asti-20240611_pre.xml (EX-101.PRE) — 22KB
• asti_8k_htm.xml (XML) — 3KB

01 Notice of Delisting or Failure to Satisfy

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing As previously disclosed, on December 11, 2023, Ascent Solar Technologies, Inc. (the "Company") received written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company was not in compliance with the $1.00 minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market (the "Bid Price Requirement"). In accordance with the Nasdaq Listing Rules, the Company was granted a grace period of 180 calendar days, through June 10, 2024, to regain compliance with the Bid Price Requirement. The Company did not evidence compliance with the Bid Price Requirement by June 10, 2024 and was not eligible for a second grace period under the Nasdaq Listing Rules. Accordingly, on June 11, 2024, the Company received formal notice from Nasdaq that the deficiency could serve as an additional basis for delisting. At a hearing before the Nasdaq Hearings Panel on May 9, 2024, the Company addressed its plan to evidence compliance with both (i) the Nasdaq stockholders equity continued listing requirement (the "Equity Requirement"), and (ii) the Bid Price Requirement. By decision dated June 5, 2024, the Panel granted the Company's request for continued listing on Nasdaq subject to the Company demonstrating compliance with all applicable criteria for continued listing on The Nasdaq Capital Market by August 22, 2024. The Company intends to monitor the closing bid price of its common stock and is considering its options to regain compliance with the Bid Price Requirement on or before August 22, 2024.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 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. June 14, 2024 By: /s/ Jin Jo Name: Jin Jo Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR