Ascent Solar Technologies, Inc. (ASTI): Nasdaq/NYSE listing notice — Ascent Solar receives Nasdaq delisting notice for low-priced stock; plans to appeal

Ascent Solar Technologies, Inc.

On July 28, Nasdaq determined to delist ASTI due to closing bid price ≤$0.10 for ten consecutive trading days.
Company intends to request a hearing before a Nasdaq Hearings Panel; trading stays pending during appeal.
Also disclosed amendment to Series 1B Preferred Stock floor price, raised from $0.028 to $0.05 per share.
Previously disclosed non-compliance with $1.00 Minimum Bid Price and $2.5M stockholders' equity requirements.
No assurance of favorable outcome from hearing; stock continues trading on Nasdaq Capital Market.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.97

Ascent Solar Technologies, Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)(iii), 5550(b)(1)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)(iii), 5550(b)(1)

Exact text from the filing

July 28, 2023, the Company received notice (the “Second Notice”) from the Staff that the Staff had determined that the Company’s securities had a closing bid price of $0.10 or less for ten consecutive trading days triggering application of Listing Rule 5810(c)(3)(A)(iii) which states in part: if during any compliance period specified in Rule 5810(c)(3)(A), a company’s security has a closing bid price of $0.10 or less for ten consecutive trading days, the Listing Qualifications Department shall issue a Staff Delisting Determination under Rule 5810 with respect to that security (the “Low Priced

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Ascent Solar Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001079973-23-001027

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