Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Ascent Solar Technologies, Inc. amended convertible notes of $12,500,000 and $2,500,000 (original aggregate principal amounts of Senior Secured Original Issue 10% Discount Convertib with two institutional investors at 10% discount (original issue); not otherwise stated.
- Instrument
- convertible notes
- Principal
- $12,500,000 and $2,500,000 (original aggregate principal amounts of Senior Secured Original Issue 10% Discount Convertib
- Counterparty
- two institutional investors
- Rate
- 10% discount (original issue); not otherwise stated
- Event
- amendment
Exact text from the filing
Contract (the “Securities Purchase Contract”) with two institutional investors (each, an “Investor” and collectively, the “Investors”) for the issuance to the Investors of $12,500,000 in aggregate principal amount of Senior Secured Original Issue 10% Discount Convertible Advance Notes pursuant to a direct registered offering (the “Registered Advance Notes”) and
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Ascent Solar Technologies, Inc. amended Waiver and Amendment Agreement with each of the Investors (effective 2023-03-29).
- Action
- amendment
- Agreement
- equity purchase
- Counterparty
- each of the Investors
- Effective
- 2023-03-29
Exact text from the filing
On March 29, 2023, the Company and each of the Investors entered into a Waiver and Amendment Agreement (the “Amendment”) relating to the Securities Purchase Contract and the Advance Notes to waive any event of default arising under Section 2.1 of the Advance Notes relating to the Company’s receipt of notice from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that the Company is not in compliance with the $1.00 Minimum Bid Price Requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the “$1.00 Minimum Bid Price Requirement”) for continued listing on The Nasdaq Capital Market (the “Specified Default”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Ascent Solar Technologies, Inc. entered into Securities Purchase Contract with two institutional investors.
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- two institutional investors
Exact text from the filing
the Company entered into a Securities Purchase Contract (the “Securities Purchase Contract”) with two institutional investors (each, an “Investor” and collectively, the “Investors”) for the issuance to the Investors of $12,500,000 in aggregate principal amount of Senior Secured Original Issue 10% Discount Convertible Advance Notes pursuant to a direct registered offering (the “Registered Advance Notes”) and $2,500,000 in aggregate principal amount of Senior Secured Original Issue 10% Discount Convertible Advance Notes in a concurrent private placement (the “Private Placement Advance Notes” and, together with the Registered Advance Notes, the “Advance Notes”).
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