Ascent Solar

Ascent Solar Technologies Announces Substantial Debt Reduction and Plan for Full Payoff

Retrieved on:

Thursday, March 21, 2024

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.

Key Points:

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.

Ascent Solar Technologies Announces Warrants Repurchase Agreements

Retrieved on:

Thursday, March 14, 2024

ASTI, Warrant, Qualification, Ascent Solar, Exercise, Repurchase agreement, Security (finance)

Pursuant to the Purchase Contract, the Company issued to the investors certain common stock warrants (the “Warrants”).

Key Points:

Pursuant to the Purchase Contract, the Company issued to the investors certain common stock warrants (the “Warrants”).
On March 6, 2024, and March 7, 2024, the Company entered into Warrant Repurchase agreements (the “Repurchase Agreements”) with each of the investors.
So long as the Repurchase Agreements are in effect, the investors have agreed not to directly or indirectly sell or assign the Warrants.
In the event of any termination of the Repurchase Agreements, the Warrants shall remain outstanding with all existing terms unchanged.

Ascent Solar Begins Advocacy Outreach to Brief Private Sector Space Activities Interagency Steering Group Members on Advantages of Thin-Film Solar PV in Space

Retrieved on:

Tuesday, January 30, 2024

Transport, ASTI, Ascent, Interior, FCC, Ascent Solar, Spacecraft, Commerce, State, Private, NASA, Renewable energy

The Group is tasked with creating an authorization and supervision framework for novel space activities.

Key Points:

The Group is tasked with creating an authorization and supervision framework for novel space activities.
Within its mission statement , the framework states its intent to collaborate with members of the commercial space industry to advance national objectives.
These subsystems are a primary driver in conjunction event probabilities and consequence, two areas where Ascent’s thin-film technology can have major efficiency and cost benefits.
“Ascent is a leader in the proliferation of thin-film solar modules in space environments, and we look forward to detailing our industry expertise to the Group,” said Paul Warley, CEO of Ascent Solar Technologies.

Ascent Solar Technologies, Inc. Establishes Strategic Advisory Board, Adds Major General Casey Blake as Inaugural Member

Retrieved on:

Tuesday, January 23, 2024

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THORNTON, Colo., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Ascent Solar Technologies, Inc. (“Ascent,” “Ascent Solar” or the “Company”) (Nasdaq: ASTI), a U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, today announced it has established a Strategic Advisory Board with the addition of its inaugural member, Major General Casey Blake, in the title of Strategic Advisor.

Key Points:

THORNTON, Colo., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Ascent Solar Technologies, Inc. (“Ascent,” “Ascent Solar” or the “Company”) (Nasdaq: ASTI), a U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, today announced it has established a Strategic Advisory Board with the addition of its inaugural member, Major General Casey Blake, in the title of Strategic Advisor.
General Blake joins Ascent after an expansive career with the United States Air Force.
Most recently, General Blake served as the Deputy Assistant Secretary for Contracting in the Office of the Assistant Secretary of the Air Force for Acquisition, in Washington, D.C.
“The establishment of the Strategic Advisory Board is a pivotal development for Ascent, and General Blake is the ideal individual to get it started,” said Paul Warley, CEO of Ascent Solar Technologies.

Ascent Solar Technologies, Inc. Announces Adjournment of Annual Meeting, Information for Reconvened Annual Meeting

Retrieved on:

Wednesday, December 6, 2023

ASTI, Ascent Solar, Internet, Grant Street, Annual general meeting, Annual, Proxy, Security (finance)

The record date for determination of stockholders entitled to vote at the reconvened Annual Meeting remains October 16, 2023.

Key Points:

The record date for determination of stockholders entitled to vote at the reconvened Annual Meeting remains October 16, 2023.
At the time the Annual Meeting was adjourned, each of the proposals described in the Annual Meeting proxy statement had received a favorable vote from the shares that had been voted.
This material may be deemed to be solicitation material in respect of the Annual Meeting to be reconvened and held on December 14, 2023.
In connection with the Annual Meeting, the Company filed a definitive proxy statement with the SEC on October 23, 2023.

Ascent Expands Impact Loan Program, Makes Education Accessible to More Adult Learners

Retrieved on:

Wednesday, November 8, 2023

Life, Social finance, Student, Partnership, Ascent Solar, Ascent, SAN, Nursing, Tutoring

"When we launched our Impact Loan Program, our goal was to continue sourcing impact partners to create custom financing options that support the economic mobility of adult learners," said Chief Impact Officer of Ascent Tristan Fleming.

Key Points:

"When we launched our Impact Loan Program, our goal was to continue sourcing impact partners to create custom financing options that support the economic mobility of adult learners," said Chief Impact Officer of Ascent Tristan Fleming.
"This is the first state-specific model to launch under our Impact Loan Program, and we look forward to expanding tailored access to more forward-looking states across the country.
The Impact Loan Program was created to meet the growing demand of individuals who wished to upskill but lacked access to affordable financing options.
This program helps adult learners pursue and earn their way to higher-paying jobs and supports Ascent's impact goal to increase students' income by $10 billion in five years .

Ascent Solar Develops Titan: A Solar Module Optimized for Space using 17.55% Record Efficiency Technology; Eyes Q1 for Initial Product Deliveries

Retrieved on:

Thursday, November 2, 2023

Ascent Solar, CIGS, Foot, AIT, HDK (band), Spacecraft, Ascent, ASTI, Silicon, Renewable energy, Titan

Titan will be the first standardized product specially designed for space with a specific power of 2100 W/kg, coupled with best-in-class resilience and flexibility feature.

Key Points:

Titan will be the first standardized product specially designed for space with a specific power of 2100 W/kg, coupled with best-in-class resilience and flexibility feature.
The Titan module is approximately one square foot in size, 10 grams in weight, and possesses a target output of 17 watts.
“Our new Titan modules are optimized for efficiency across production, power generation, and spacecraft integration – all of which positively impact cost,” said Paul Warley, CEO of Ascent Solar.
Please reach out to [email protected] for Titan module and other Space HDK inquiries.

Ascent Solar Technologies Substantially Reduces Outstanding Debt

Retrieved on:

Thursday, October 12, 2023

Investment, CIGS, Ascent, Ascent Solar, ASTI, Renewable energy

THORNTON, Colo., Oct. 12, 2023 (GLOBE NEWSWIRE) -- Ascent Solar Technologies, (Nasdaq: ASTI) (“ASTI” or the “Company”), the leading U.S. innovator in the design and manufacture of featherweight, flexible, and durable CIGS thin-film photovoltaic (PV) solutions, announced today that following the application of the proceeds of the Company's recent public offering, the Company's remaining outstanding debt has been reduced to $1.7M.

Key Points:

THORNTON, Colo., Oct. 12, 2023 (GLOBE NEWSWIRE) -- Ascent Solar Technologies, (Nasdaq: ASTI) (“ASTI” or the “Company”), the leading U.S. innovator in the design and manufacture of featherweight, flexible, and durable CIGS thin-film photovoltaic (PV) solutions, announced today that following the application of the proceeds of the Company's recent public offering, the Company's remaining outstanding debt has been reduced to $1.7M.
Ascent’s Board of Directors and Chief Executive Officer Paul Warley collectively invested $380,000 in the recent offering.
“Ascent is not just greatly reducing its debt, we are reaffirming our belief in our team, vision and the high-growth market opportunity before us,” said Paul Warley, CEO at Ascent Solar.
“We have recently achieved remarkable efficiency gains that serve as differentiators between Ascent and other thin-film solar manufacturers in the market.

Ascent Solar Technologies, Inc. Announces Closing of Public Offering of Units

Retrieved on:

Monday, October 2, 2023

Ascent Solar, ASTI, Sale, Suite, CO, Prospectus, Security (finance)

The common warrants are immediately exercisable at a price of $2.88 per share of common stock and will expire five years from the date of issuance.

Key Points:

The common warrants are immediately exercisable at a price of $2.88 per share of common stock and will expire five years from the date of issuance.
Dawson James Securities, Inc. is acting as the exclusive placement agent for the offering.
Carroll Legal, LLC, Denver, CO, represented the Company in connection with the offering, and ArentFox Schiff LLP, Washington, DC, represented the placement agent.
This offering is being made pursuant to an effective registration statement that has been filed with the U.S. Securities and Exchange Commission (the “SEC”).

Ascent Solar Technologies, Inc. Announces Reverse Stock Split

Retrieved on:

Monday, September 11, 2023

Exercise, Ascent Solar, State, ASTI, Computershare, CUSIP, Letter, Security (finance), Ascent

The reverse stock split will not change the authorized number of shares of the Company’s common stock.

Key Points:

The reverse stock split will not change the authorized number of shares of the Company’s common stock.
The amount of the Company’s outstanding convertible notes and outstanding convertible preferred stock will not be affected by the reverse stock split.
However, the number of shares of common stock into which the outstanding convertible notes and outstanding convertible preferred stock is convertible will be adjusted proportionately as a result of the reverse stock split.
Once the reverse stock split becomes effective, stockholders holding shares through a brokerage account will have their shares automatically adjusted to reflect the 1-for-200 reverse stock split.