Ascent Solar Technologies, Inc. (ASTI): Nasdaq/NYSE listing notice — Ascent Solar receives Nasdaq delisting notice for minimum equity deficiency

Ascent Solar Technologies, Inc.

Stockholders' equity of ($2,180,440) as of March 31, 2023, below Nasdaq's $2.5M minimum.
Company has 45 calendar days (until July 9, 2023) to submit a compliance plan to Nasdaq.
If plan accepted, Nasdaq may grant up to 180 days (to Nov 21, 2023) to regain compliance.
Listing continues for now, but failure to regain compliance could lead to suspension or delisting.
Company intends to take all reasonable measures to resolve the deficiency and remain listed.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Ascent Solar Technologies, Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

May 25, 2023, Ascent Solar Technologies, Inc. (the “Company”) received a letter from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that it is not in compliance with Nasdaq Listing Rule 5550(b)(1), which requires companies listed on The Nasdaq Stock Market to maintain a minimum of $2,500,000 in stockholders’ equity for continued listing. In its quarterly report on Form 10-Q for the period ended March 31, 2023, the Company reported stockholders’ equity of $(2,180,440), and, as a result, does not currently satisfy Listing Rule 5550(b)(1). Nasdaq’s letter has no immediate impact on the listing

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Ascent Solar Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001079973-23-000790

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