---
schema_version: "secwatch.filing_event.v1"
accession: "0001079973-23-001687"
form_type: "8-K"
ticker: "ASTI"
cik: "0001350102"
company_name: "Ascent Solar Technologies, Inc."
filed_at: "2023-12-04T23:59:59+00:00"
generated_at: "2026-06-07T18:38:24.936454+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.82
calibrated_materiality_score: 0.82
confidence: "high"
source: SEC EDGAR
---

# Ascent Solar lowers convertible note floor price from $40 to $0.65 per share

## Summary
- Floor price on $407K outstanding Advance Notes reduced to $0.65 from $40.00 per share.
- Future conversions at 80% of three lowest VWAPs over 10 trading days, minimum $0.65.
- Outstanding conversion payable liability of $1.26M may now be settled in stock at 100% of VWAP.
- Amendment significantly increases potential dilution for existing common stockholders.

## SEC filing metadata
- accession: 0001079973-23-001687
- form_type: 8-K
- ticker: ASTI
- cik: 0001350102
- company_name: Ascent Solar Technologies, Inc.
- filed_at: 2023-12-04T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.82
- calibrated_materiality_score: 0.82
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1350102/000107997323001687/0001079973-23-001687-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1350102/000107997323001687/asti_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001079973-23-001687
- JSON: https://secwatch.observer/filing/0001079973-23-001687.json
- Plain text: https://secwatch.observer/filing/0001079973-23-001687.txt

## Key facts
- Material Agreements
  Ascent Solar Technologies, Inc. amended Advance Notes with two institutional investors (effective 2023-12-01).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: two institutional investors
  - Effective: 2023-12-01
  source text: On December 1, 2023, the Company and each of the Investors agreed: · to amend the Advance Notes to provide that the Floor Price for all purposes of the Advance Notes has been lowered to $0.65 per share of the Company’s common stock; · future conversions of the Advance Notes will continue to be at the conversion price of 80% of the three lowest VWAPs of the Common Stock on the 10 trading days preceding delivery of a conversion notice by an Investor, but the conversion price may not be less than the Floor Price of $0.65; · future stock payments of existing conversion payable liabilities will be at an issue price of 100% of the VWAP of the Common Stock on the conversion date, but the conversion price may not be less than the Floor Price of $0.65.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1350102/000107997323001687/0001079973-23-001687-index.htm

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