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

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

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Item 1.01 Entry into a Material Definitive Agreement.

Offering of Unsecured Non-Convertible Notes
On March 13, 2017, the Company issued a $300,000 note to one
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.
Item 2.03 Creation of a Direct Financial Obligation or an
Obligations under an Off-Balance Sheet Arrangement of a
Registrant.
The information contained in Item 1.01 of this Current Report on
Form 8-K is incorporated herein by reference.
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 3.03 Material Modification to Rights of Security
Holders.>
To the extent required by Item 3.03 of Form 8-K, the information
contained in Item 5.03 of this Current Report on Form 8-K is
incorporated herein by reference.
Item 5.03 Amendments to Articles of Incorporation or Bylaws;
Change in Fiscal Year.>
On March 16, 2017, the Company filed a Certificate of Amendment to
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.
> A copy of the Certificate of Amendment is filed as Exhibit 3.1
hereto and is incorporated herein by reference.
Item 5.07 Submission of Matters to a Vote of Security Holders.
The Company held a Special Meeting of Stockholders (Special
Meeting) on March 16, 2017. The matters voted upon at the Special
Meeting and the results of such voting are further described below.
Proposal 1 To approve a Certificate of Amendment to the Company’s
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.
Votes For
Votes Against
Abstain
Broker Non-Votes
878,090,822
377,186,704
Proposal 1 was approved.
Because the proposal was adopted and approved, the proposal to
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.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit Number
Description
3.1
Certificate of Amendment to the Amended and Restated
Certificate of Incorporation of the Company, dated March
16, 2017.
10.1
Note dated March 13, 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 up +0.00010 at 0.00250 with shares trading hands.

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