ASCENT SOLAR TECHNOLOGIES, INC. (OTCMKTS:ASTI) Files An 8-K Entry into a Material Definitive Agreement

ME Staff 8-k
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ASCENT SOLAR TECHNOLOGIES, INC. (OTCMKTS:ASTI) Files An 8-K Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement.

Offering of Restricted Common Stock
On January 19, 2017, Ascent Solar Technologies, Inc. (the
Company) issued 333,333,333 shares of unregistered common stock
in a private placement to Tertius Financial Group Pte. Ltd. (TFG)
to a Securities Purchase Agreement (the SPA).
to the SPA, the Company issued 333,333,333 shares to TFG in
exchange for TFG canceling its $600,000 promissory note
(including accrued interest of approximately $4,340) that was
issued by the Company to TFG on December 6, 2016 (as previously
disclosed in our Form 8-K report filed December 8, 2016). The SPA
does not provide any registration rights for the shares issued to
TFG.
The new ownership by TFG represents approximately 24% of the
outstanding shares of common stock of the Company on a post
transaction basis. There are no registration rights
TFG is a Singapore based entity controlled and 50% owned by
Ascents President CEO, Victor Lee
Item 3.02 Unregistered Sales of Equity Securities.
All of the securities described in this Current Report on Form
8-K were or will be offered and sold in reliance upon exemptions
from registration to 4(a)(2) under the Securities Act of 1933, as
amended (Securities Act), and Rule 506 of Regulation D
promulgated thereunder. The offering was made to accredited
investors (as defined by Rule 501 under the Securities Act).
Item 9.01 Financial Statements and Exhibits.
(d) The following exhibits are filed with this report:
Exhibit Number
Description
10.1
Securities Purchase Agreement dated January 19, 2017


About ASCENT SOLAR TECHNOLOGIES, INC. (OTCMKTS:ASTI)

Ascent Solar Technologies, Inc. is engaged in commercializing flexible photovoltaic (PV) modules using its technology. The Company’s manufacturing process deposits multiple layers of materials, including a thin film of copper-indium-gallium-diselenide (CIGS) semiconductor material, on a plastic substrate using a roll-to-roll manufacturing process and then laser patterns the layers to create interconnected PV cells or PV modules, in a process known as monolithic integration. The Company is producing consumer oriented products focusing on charging devices powered by its solar modules. It manufactures its products by affixing a thin CIGS layer to a flexible, plastic substrate using a roll-to-roll process. Its EnerPlex products are available on www.goenerplex.com and a range of third-party e-commerce sites, including www.amazon.com, www.bestbuy.com, www.walmart.com, www.newegg.com, www.frys.com, www.cabelas.com and several others.

ASCENT SOLAR TECHNOLOGIES, INC. (OTCMKTS:ASTI) Recent Trading Information

ASCENT SOLAR TECHNOLOGIES, INC. (OTCMKTS:ASTI) closed its last trading session down -0.00040 at 0.00340 with 32,919,211 shares trading hands.