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 $400,000 of gross proceeds.
This investor note (i) will mature September 24, 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.
of Common Stock to one accredited investor in exchange for the
cancellation of 100 shares of outstanding Series J Preferred
Stock (including accrued dividends) held by such investor. The
canceled shares of the Series J Preferred Stock had an original
issue price of $100,000.
|
Item 2.03
|
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 3(a)(9) and 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).
|
Exhibit Number
|
Description
|
|
|
10.1
|
Note dated March 24, 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 -0.00009 at 0.00180 with shares trading hands.
