Ascent Solar Technologies Announces Substantial Debt Reduction and Plan for Full Payoff
THORNTON, Colo., March 21, 2024 (GLOBE NEWSWIRE) -- Ascent Solar Technologies, Inc. (“Ascent,” or the “Company”) (Nasdaq: ASTI), a U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, today provided a corporate update on the Securities Purchase Contract with two institutional investors previously disclosed on December 19, 2022.
- THORNTON, Colo., March 21, 2024 (GLOBE NEWSWIRE) -- Ascent Solar Technologies, Inc. (“Ascent,” or the “Company”) (Nasdaq: ASTI), a U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, today provided a corporate update on the Securities Purchase Contract with two institutional investors previously disclosed on December 19, 2022.
- Currently, one institutional investor’s notes payable and related liabilities have been completely paid out and the remaining investor has been substantially paid off with an approximate remaining notes payable balance of $6,700 and an approximate $200,000 of payables outstanding.
- It is Ascent’s intention to pay all remaining balances with this institutional investor upon completion of the next equity raise.