other material
confidence high
sentiment negative
materiality 0.85
Ascent Solar adjusts note conversion price to $1.765, warrant shares to 5.6M after $10.3M offering
Ascent Solar Technologies, Inc.
- Offering closed Oct 2, 2023: $10.3M gross from 3.57M units at $2.88/unit.
- Advance Notes conversion price adjusted from $25.36 to $1.765 per share.
- Warrant exercise price lowered to $1.765; warrant shares increased to 5,596,232.
- Conversion price below Floor Price of $40; company must issue shares at floor and pay difference in cash/shares.