Ascent Solar Technologies, Inc. (ASTI): Nasdaq/NYSE listing notice — Ascent Solar raises $10.3M in unit offering, regains Nasdaq bid price compliance but faces other listing issues

September 29, 2023, the Nasdaq staff notified the Company that the Company had regained compliance with the Minimum Bid Price Requirement based on the closing bid price of the Company’s common stock having been at $1.00 per share or greater for ten consecutive business days. The Staff’s notification indicated that this matter is now closed. The Company remains non-compliant with the minimum $2,500,000 stockholders’ equity requirement for continued listing set forth in Listing Rule 5550(b) and the minimum 500,000 publicly held shares requirement under Listing Rule 5550(a)(4). These remaining ma

March 23, 2023, the Company received a written notice from the Listing Qualifications Department of The Nasdaq Stock Market indicating that the Company was not in compliance with the $1.00 Minimum Bid Price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on Nasdaq (the “Bid Price Requirement”). The notice indicated that the Company would be provided 180 calendar days in which to regain compliance with the Bid Price Requirement. On September 29, 2023, the Nasdaq staff notified the Company that the Company had regained compliance with the Minimum Bid Price Requireme

September 29, 2023, the Nasdaq staff notified the Company that the Company had regained compliance with the Minimum Bid Price Requirement based on the closing bid price of the Company’s common stock having been at $1.00 per share or greater for ten consecutive business days. The Staff’s notification indicated that this matter is now closed. The Company remains non-compliant with the minimum $2,500,000 stockholders’ equity requirement for continued listing set forth in Listing Rule 5550(b) and the minimum 500,000 publicly held shares requirement under Listing Rule 5550(a)(4). These remaining ma

On September 28, 2023, Ascent Solar Technologies, Inc. (“Ascent” or the “Company”) entered into a placement agency agreement (the “Placement Agent Agreement”) with Dawson James Securities Inc. (“Dawson James” or the “Placement Agent”) pursuant to which the Company engaged Dawson James as the placement agent for a registered public offering by the Company (the “Offering”), of an aggregate of 3,572,635 units (“Units”) at a price of $2.88 per Unit, for gross proceeds of approximately $10.3 million, before deducting offering expenses.