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.
accredited investor in exchange for $100,000 of gross proceeds.
This investor note (i) will mature October 6, 2017 and (ii) will
bear interest at a rate of 10% per annum, compounded quarterly.
Principal and interest on this note are payable at maturity. This
note is not convertible into equity shares of the Company. This
note is unsecured.
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Item 2.03
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Creation of a Direct Financial Obligation or an Obligation
under an Off-Balance Sheet Arrangement of a Registrant. |
Form 8-K is incorporated herein by reference.
8-K were or will be offered and sold in reliance upon exemptions
from registration to Section 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).
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Exhibit Number
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Description
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10.1
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Note dated April 6, 2017
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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 00.00000 at 0.00180 with shares trading hands.