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Stock impact report

Ascent Solar Technologies, Inc. Secures Additional Funding [Canadian Business Journal (Canada)]

Ascent Solar Technologies, Inc (ASTI) 
Ascent Solar Technologies, Inc. Secures Additional Funding THORNTON, CO–(Marketwired – Sep 15, 2017) – Ascent Solar Technologies, Inc. (OTCQB: ASTI), a developer and manufacturer of state-of-the-art, flexible thin-film photovoltaic (PV) solutions, announced that the Company has entered into a Securities Purchase Agreement (“Agreement”) with a new investor (“Investor”) for the private placement of $1.725 Million of a newly designated Zero Coupon Convertible Promissory Note (“Note”). Pursuant to the Agreement, the Note does not carry any interest, however was issued at an original issuance discount of 13%, resulting in gross proceeds of $1.5 Million to the Company. The principal amount of the Note will be fully convertible at the option of the Investor into common stock of the Company at a fixed conversion price of $0.0040 per share, representing a substantial conversion premium of 250% to the latest closing bid-price prior to the Agreement. There are no registration rights ap Show less Read more
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