---
schema_version: "secwatch.filing_event.v1"
accession: "0001553350-23-000381"
form_type: "8-K"
ticker: "ASTI"
cik: "0001350102"
company_name: "Ascent Solar Technologies, Inc."
filed_at: "2023-06-30T23:59:59+00:00"
generated_at: "2026-06-13T13:49:13.829338+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Ascent Solar raises $900,000 via Series 1B convertible preferred, initial price $0.14/share

## Summary
- Issued 900 shares of Series 1B Convertible Preferred at $1,000/share for $900,000 gross proceeds.
- Shares rank senior to common on dividends and liquidation; no fixed dividend or voting rights.
- Conversion price initially $0.14/share, subject to reset to 90% of lowest VWAP (floor $0.028).
- Beneficial ownership capped at 4.99% (can increase to 9.99% with 61 days' notice); Nasdaq rule limits conversion to 19.99% of outstanding without stockholder approval.
- Proceeds used for general corporate purposes.

## SEC filing metadata
- accession: 0001553350-23-000381
- form_type: 8-K
- ticker: ASTI
- cik: 0001350102
- company_name: Ascent Solar Technologies, Inc.
- filed_at: 2023-06-30T23:59:59+00:00
- event_type: other_material
- 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/1350102/000155335023000381/0001553350-23-000381-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1350102/000155335023000381/asti_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001553350-23-000381
- JSON: https://secwatch.observer/filing/0001553350-23-000381.json
- Plain text: https://secwatch.observer/filing/0001553350-23-000381.txt

## Key facts
- Material Agreements
  Ascent Solar Technologies, Inc. entered into Series 1B SPA with accredited investors valued at $900,000 (effective 2023-06-29).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: accredited investors
  - Value: $900,000
  - Effective: 2023-06-29
  source text: On June 29, 2023, Ascent Solar Technologies, Inc., a Delaware corporation (the “Company”), entered into a securities purchase agreement (“Series 1B SPA”) with accredited investors (“Investors”), for the private placement of $900,000 of the Company’s newly designated Series 1B Convertible Preferred Stock
  evidence_url: https://www.sec.gov/Archives/edgar/data/1350102/000155335023000381/0001553350-23-000381-index.htm

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