---
schema_version: "secwatch.filing_event.v1"
accession: "0001079973-24-001438"
form_type: "8-K"
ticker: "ASTI"
cik: "0001350102"
company_name: "Ascent Solar Technologies, Inc."
filed_at: "2024-10-23T23:59:59+00:00"
generated_at: "2026-05-30T11:01:08.259320+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Ascent Solar raises $1.9M via convertible preferred stock at $2.50/sh conversion price

## Summary
- Gross proceeds ~$1.9M from sale of 1,900 Series 1C convertible preferred shares at $1,000/share.
- Preferred convertible to common at $2.50/sh; conversion allowed after April 17, 2025.
- Dividend rate 10% p.a., increasing to 15% if outstanding after Oct 17, 2027; payable quarterly or cumulative.
- Company may redeem all shares at 110% of stated value if stock price >= $7.50 for 20 consecutive trading days.
- Insiders purchased 1,405 shares, giving ~23% voting power on an as-converted basis.

## SEC filing metadata
- accession: 0001079973-24-001438
- form_type: 8-K
- ticker: ASTI
- cik: 0001350102
- company_name: Ascent Solar Technologies, Inc.
- filed_at: 2024-10-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1350102/000107997324001438/0001079973-24-001438-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1350102/000107997324001438/asti_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001079973-24-001438
- JSON: https://secwatch.observer/filing/0001079973-24-001438.json
- Plain text: https://secwatch.observer/filing/0001079973-24-001438.txt

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