Ascent Solar completes $5.09M offering, repurchases warrants, takes $685K Cedar loan

Ascent Solar Technologies, Inc.

Closed additional tranches of public offering at $0.14/share, raising $5.09M gross from 15.2M shares and 21.2M pre-funded warrants.
Used $3.6M to repurchase 5,596,232 warrants (exercise $1.76) that would have allowed ~70.6M shares at $0.14.
Entered $685K loan with Cedar Advance; 32 weekly payments of $31K, total interest $308K, secured by second lien.
Issued placement agent warrant to Dawson James for 1,090,252 shares at $0.175, exercisable Oct 2024–Apr 2029.
Net proceeds after repurchase used for general corporate and administrative expenses.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Ascent Solar Technologies, Inc. entered into Cedar loan agreement with Cedar Advance LLC. valued at $685,000 (effective 2024-04-17).

Action: entry
Agreement: credit facility
Counterparty: Cedar Advance LLC.
Value: $685,000
Effective: 2024-04-17

Exact text from the filing

On April 17, 2024, the Company entered into a loan agreement with Cedar Advance LLC. (“Cedar”), for a principal amount of $685,000.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Ascent Solar Technologies, Inc. entered into Placement Agent Agreement with Dawson James Securities Inc. (effective 2024-04-09).

Action: entry
Agreement: underwriting
Counterparty: Dawson James Securities Inc.
Effective: 2024-04-09

Exact text from the filing

On April 9, 2024, 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 the Dawson James as the placement agent in connection with the offering.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Ascent Solar Technologies, Inc. entered into Pre-Funded Warrant Agency Agreement with Computershare Investor Services (effective 2024-04-12).

Action: entry
Counterparty: Computershare Investor Services
Effective: 2024-04-12

Exact text from the filing

On April 12, 2024, the Company also entered into a Pre-Funded Warrant Agency Agreement (the “Pre-Funded Warrant Agency Agreement”) with Computershare Investor Services, pursuant to which Computershare agreed to act as transfer agent with respect to the Pre-Funded warrants.

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284 material agreements filed in the last 30 days. Browse all material agreements →

Ascent Solar Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001079973-24-000560

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