8-K
filed December 15, 2023, 6:59 PM ET
ticker ASTI
CIK 0001350102
regulatory
confidence high
sentiment negative
materiality 0.80
Ascent Solar Technologies, Inc. (ASTI): Nasdaq/NYSE listing notice — Ascent Solar receives Nasdaq delisting notice for bid price non-compliance; has 180 days to cure
Ascent Solar Technologies, Inc.
- Received Nasdaq notice on Dec 11, 2023 for failing $1.00 minimum bid price for 30 consecutive business days.
- Has 180 calendar days (until June 10, 2024) to regain compliance by closing at $1.00+ for 10 consecutive business days.
- Shareholders approved 2023 Equity Incentive Plan with 525,000 new shares plus annual 5% increases through 2033.
- All five director nominees elected; auditor Haynie & Company ratified; say-on-pay and one-year frequency approved.
- Company may seek additional 180-day compliance period if eligible and intends to consider reverse stock split.
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 minimum bid price (rules 5550(a)(2)).
- Exchange
- nasdaq
- Notice
- deficiency notice
- Deficiency
- minimum bid price
- Rules
- 5550(a)(2)
Exact text from the filing
December 11, 2023, Ascent Solar Technologies, Inc. (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that the Company is not in compliance with the $1.00 Minimum Bid Price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market (the “Bid Price Requirement”). The Notice does not result in the immediate delisting of the Company’s common stock from The Nasdaq Capital Market. The Nasdaq Listing Rules require listed securities to maintain a minimum bi
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Ascent Solar Technologies, Inc. shareholders approved Approval, on an advisory basis, the compensation of the Company’s Named Executive Officers at the 2023-12-14 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-12-14
Exact text from the filing
Proposal 4 – Approval, on an advisory basis, the compensation of the Company’s Named Executive Officers Votes For Votes Against Abstain Broker Non-Votes 270,983 47,354 200,675 463,841 Proposal 4 was approved.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Ascent Solar Technologies, Inc. shareholders approved Election of two Class A directors to serve a three year term ending in 2026, two Class B directors to serve a two year term ending in 2025 and one Class C director to serve a one year term ending in 2024, in each case until their respective successors are duly elected and qualified at the 2023-12-14 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-12-14
Exact text from the filing
Proposal 1 - Election of two Class A directors to serve a three year term ending in 2026, two Class B directors to serve a two year term ending in 2025 and one Class C director to serve a one year term ending in 2024, in each case until their respective successors are duly elected and qualified. Nominee Votes For Against Abstain Broker Non-Votes Forrest Reynolds (Class A) 291,524 26,624 200,864 463,841 Louis Berezovsky (Class A) 291,571 26,581 200,860 463,841 Gregory Thompson (Class B) 291,551 26,602 200,859 463,841 Paul Warley (Class B) 266,569 26,578 225,865 463,841 David Peterson (Class A) 291,655 26,497 200,860 463,841 All five director nominees were duly elected.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Ascent Solar Technologies, Inc. shareholders approved Advisory vote on the frequency of holding the vote on the compensation of the Company’s Named Executive Officers at the 2023-12-14 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-12-14
Exact text from the filing
Proposal 5 – Advisory vote on the frequency of holding the vote on the compensation of the Company’s Named Executive Officers One Year Two Years Three Years Abstain Broker Non-Votes 284,595 707 10,911 222,799 463,841 One year frequency was approved by the stockholders.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Ascent Solar Technologies, Inc. shareholders approved Ratification of appointment of independent registered accounting firm – Haynie & Company at the 2023-12-14 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-12-14
Exact text from the filing
Proposal 2 - Ratification of appointment of independent registered accounting firm – Haynie & Company Votes For Votes Against Abstain Broker Non-Votes 726,173 54,913 201,767 0 Proposal 2 was approved.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Ascent Solar Technologies, Inc. shareholders approved Approval of the Company’s 2023 Equity Incentive Plan at the 2023-12-14 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-12-14
Exact text from the filing
Proposal 3 – Approval of the Company’s 2023 Equity Incentive Plan Votes For Votes Against Abstain Broker Non-Votes 272,295 46,463 200,254 463,841 Proposal 3 was approved.
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.