other material
confidence high
sentiment neutral
materiality 0.70
Ascent Solar effects 1-for-100 reverse stock split to regain Nasdaq compliance
Ascent Solar Technologies, Inc.
- Reverse split at 1:100 ratio effective 5:00 pm ET Aug. 14, 2024; trading on split-adjusted basis Aug. 15.
- Outstanding shares reduced from 102.3M to ~1.023M; authorized shares unchanged at 500M.
- Split intended to raise bid price above $1.00 minimum to meet Nasdaq continued listing standard.
- Fractional shares rounded up to one whole share; no fractional shares issued.
- CUSIP changed to 043635804; warrants, options, and RSUs adjusted proportionally.