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Stock impact report

Ascent Solar CEO Increases Equity Stake to Over 20%, Demonstrating Commitment to Ascent Solar [Canadian Business Journal (Canada)]

Ascent Solar Technologies, Inc (ASTI) 
Ascent Solar CEO Increases Equity Stake to Over 20%, Demonstrating Commitment to Ascent Solar THORNTON, CO–(Marketwired – Jan 20, 2017) – Ascent Solar Technologies, Inc. (OTCQB: ASTI), a developer and manufacturer of state-of-the-art, lightweight, and flexible thin-film photovoltaic (PV) solutions, announces that the Company has entered into a Security Purchase Agreement (“Agreement”) with Tertius Financial Group Pte. Ltd. (“TFG”), a Singapore based entity controlled and 50% owned by Ascent’s President & CEO, Victor Lee. Pursuant to the Agreement, the Company will issue approximately 333.33 million shares of Ascent Solar’s restricted Common Stock in exchange for TFG canceling its Promissory Note of $600K (plus accrued interest of approximately $4,340) that was issued by the Company to TFG on December 6, 2016 (refer to 8-K filing on December 8, 2016). The new ownership by TFG represents approximately 24% of the outstanding shares of Common Stock of the Co Show less Read more
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