---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-081155"
form_type: "8-K"
ticker: "ASTI"
cik: "0001350102"
company_name: "Ascent Solar Technologies, Inc."
filed_at: "2022-12-20T23:59:59+00:00"
generated_at: "2026-06-21T01:36:59.298743+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ascent Solar raises $15M in convertible notes with warrants, potential $35M additional

## Summary
- Issued $12.5M registered and $2.5M private placement Senior Secured 10% OID Convertible Advance Notes for net proceeds of $13.5M; interest 4.5% p.a., 18-month maturity.
- Investors received warrants to purchase 2,513,406 shares at $3.93 per share, five-year term; conversion price formula includes a floor of $0.29.
- Company may request up to $35M additional Advance Notes from one investor after 210 days, subject to equity conditions and $75M market cap threshold.
- Proceeds used for working capital, growth, and strategic investments; cash covenant requires minimum $3M balance.

## SEC filing metadata
- accession: 0001213900-22-081155
- form_type: 8-K
- ticker: ASTI
- cik: 0001350102
- company_name: Ascent Solar Technologies, Inc.
- filed_at: 2022-12-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1350102/000121390022081155/0001213900-22-081155-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1350102/000121390022081155/ea170401-8k_ascentsolar.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-081155
- JSON: https://secwatch.observer/filing/0001213900-22-081155.json
- Plain text: https://secwatch.observer/filing/0001213900-22-081155.txt

## Key facts
- Material Agreements
  Ascent Solar Technologies, Inc. entered into Purchase Contract with two institutional investors valued at $12,500,000 (effective 2022-12-19).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: two institutional investors
  - Value: $12,500,000
  - Effective: 2022-12-19
  source text: On December 19, 2022, Ascent Solar Technologies, Inc. (the “Company”) entered into a Securities Purchase Contract (the “Purchase Contract”) with two institutional investors (each, an “Investor” and collectively, the “Investors”) for the issuance of $12,500,000 in aggregate principal amount of Senior Secured Original Issue 10% Discount Convertible Advance Notes, for a purchase price of $11,250,000 in cash, net of an original issuance discount of $1,250,000 (the “Registered Advance Notes”), and which will bear interest at a rate of 4.5% per annum, payable, at the option of the Company, in kind or in cash, subject to certain conditions, and which is convertible, at the option of the holders from time to time, into shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”) in the amounts and on the terms set forth in the Registered Advance Notes, or repayable in cash at maturity 18 months after the issuance thereof, pursuant to a direct registered offering (the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1350102/000121390022081155/0001213900-22-081155-index.htm

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