---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-024238"
form_type: "8-K"
ticker: "ASTI"
cik: "0001350102"
company_name: "Ascent Solar Technologies, Inc."
filed_at: "2023-03-30T23:59:59+00:00"
generated_at: "2026-06-17T09:03:27.586522+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Ascent Solar waives default on convertible notes, lowers floor price to $0.20, schedules $2M prepayments

## Summary
- Received Nasdaq notice on March 23, 2023 for non-compliance with $1 minimum bid price requirement.
- Entered into Waiver and Amendment with two institutional investors to waive event of default.
- Floor price reduced to $0.20 per share; conversion price becomes alternative conversion price until compliance regained.
- Company to make $2M aggregate prepayments on specified dates from April to July 2023.
- Terminated side letter agreement regarding transfer agent.

## SEC filing metadata
- accession: 0001213900-23-024238
- form_type: 8-K
- ticker: ASTI
- cik: 0001350102
- company_name: Ascent Solar Technologies, Inc.
- filed_at: 2023-03-30T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1350102/000121390023024238/0001213900-23-024238-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1350102/000121390023024238/ea175998-8k_ascent.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-024238
- JSON: https://secwatch.observer/filing/0001213900-23-024238.json
- Plain text: https://secwatch.observer/filing/0001213900-23-024238.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1350102/000121390023024238/0001213900-23-024238-index.htm
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1350102/000121390023024238/0001213900-23-024238-index.htm
- Material Agreements
  Ascent Solar Technologies, Inc. entered into Securities Purchase Contract with two institutional investors.
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: two institutional investors
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1350102/000121390023024238/0001213900-23-024238-index.htm

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