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 $300,000 of gross proceeds.
This investor note (i) will mature September 13, 2017 and (ii) will
bear interest at a rate of 12% per annum. 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.
Obligations under an Off-Balance Sheet Arrangement of a
Registrant.
Form 8-K is incorporated herein by reference.
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).
Holders.>
contained in Item 5.03 of this Current Report on Form 8-K is
incorporated herein by reference.
Change in Fiscal Year.>
the Amended and Restated Certificate of Incorporation of the
Company (the Certificate of Amendment) with the Secretary of State
of the State of Delaware to increase the number of authorized
shares of Common Stock from 2,000,000,000 to 20,000,000,000. The
Certificate of Amendment was approved at the Companys Special
Meeting of Stockholders March 16, 2017.
hereto and is incorporated herein by reference.
Meeting) on March 16, 2017. The matters voted upon at the Special
Meeting and the results of such voting are further described below.
Amended and Restated Certificate of Incorporation to increase the
number of authorized shares of the Companys common stock from
2,000,000,000 to 20,000,000,000.
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Votes For
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Votes Against
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Abstain
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Broker Non-Votes
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878,090,822
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377,186,704
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adjourn the Special Meeting to a later date or dates, if necessary,
to permit further solicitation and vote of proxies was not
presented at the Special Meeting.
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Exhibit Number
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Description
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3.1
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Certificate of Amendment to the Amended and Restated
Certificate of Incorporation of the Company, dated March 16, 2017. |
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10.1
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Note dated March 13, 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 up +0.00010 at 0.00250 with shares trading hands.
