---
schema_version: "secwatch.filing_event.v1"
accession: "0001079973-23-000541"
form_type: "8-K"
ticker: "ASTI"
cik: "0001350102"
company_name: "Ascent Solar Technologies, Inc."
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T15:54:23.528961+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ascent Solar enters $5M subordinated note private placement with BD1 and adjusts existing convertible notes and warrants

## Summary
- Ascent Solar (ASTI) entered a $5M private placement of subordinated notes with BD1 Investment Holding, closing in four tranches starting mid-May 2023.
- The notes bear 6% annual interest, mature September 30, 2026, are unsecured and subordinated to senior debt.
- Due to a prior $9M equity offering with Lucro, the conversion price of $10.1M outstanding Advance Notes was lowered to $0.3661 per share.
- Warrant exercise price was reduced to $0.3661 per share, and the number of warrant shares increased from 2,513,406 to 27,610,921 shares.
- Press release highlights 300% manufacturing capacity increase in Switzerland, new Perovskites Center of Excellence, and global expansion plans.

## SEC filing metadata
- accession: 0001079973-23-000541
- form_type: 8-K
- ticker: ASTI
- cik: 0001350102
- company_name: Ascent Solar Technologies, Inc.
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.02, 3.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1350102/000107997323000541/0001079973-23-000541-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1350102/000107997323000541/asti_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001079973-23-000541
- JSON: https://secwatch.observer/filing/0001079973-23-000541.json
- Plain text: https://secwatch.observer/filing/0001079973-23-000541.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.