other material
confidence high
sentiment neutral
materiality 0.55
Ascent Solar CEO buys Series Z Preferred share with 180M votes on reverse split
Ascent Solar Technologies, Inc.
- CEO Paul Warley purchased 1 share of Series Z Preferred for $1,000 via private placement.
- Series Z share carries 180,000,000 votes, but only on proposals to amend charter for a reverse stock split.
- Share votes proportionally to common shares voted; no other voting, dividend, conversion, or liquidation rights.
- Share is redeemable for $1,000 at board's discretion or automatically upon effectiveness of reverse split.
- Certificate of Designation filed with Delaware Secretary of State on June 20, 2024.