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Buying at $1.20/sh.
Okay with me...
Chill, Baby... Hear the Good News!
Am I Dreaming?
“Ascent Solar Technologies, Inc. Secures $9M Equity Financing with Lucro Investments VCC
Source: GlobeNewswire Inc.
Ascent Solar Technologies, Inc. (NASDAQ: ASTI) (“ASTI” or the “Company”), the leading U.S. innovator in the design and manufacture of featherweight, flexible, CIGS thin-film photovoltaic (PV) solutions, announced today that it has entered into a $9 million equity financing agreement (the “Agreement”) with Singapore-based Lucro Investments. Under the Agreement, Lucro will purchase 7,499,997 shares of Ascent common stock at a purchase price of $1.20 per share. The Company will receive the financing in monthly installments of $1 million. The proceeds of the investment will be used for general business operations and working capital for future initiatives.”
Awwwwriiiight!!!
STOP THE PUMP AND DUMP.....STOP IT !!!!
WE ALL KNOW THIS IS A LOOSING COMPANY; SOON TO BE GONE;
LIKE GONE WITH THE WIND. SOON TO GO BK, YES SENIOR "" B K ""
Ascent Solar Technologies, Inc. Secures $9M Equity Financing with Lucro Investments VCC
Jumps from 160,000 average day to 3,000,000 and no comments. Shorts are gettting killed. Should be a big day tomorrow
monthly chart shows 8 ema down to 2.75.
They have 26 days to get back above $1.00 to stay on NASDAQ. Or about 0.023 for each of the 19 work days. $0.06 was a good start…..
Read the news! Bought two companies. Moving Colorado facility to industrial scale manufacturing of Perovskite to compete with rigid panels.
Big buying frenzy to close out the week. Doubled the days purchases in that last two hours. Expect Monday morning to do the same.10k is out. Hugh pay down in debt $5M. Hugh bonuses! (Checkout Jeffery Max) Stock grant. $5M Equipment doubled. Depreciation doubled. Research / engineering $6M. And virtually no taxes. Increased solar nameplate by 300%
Taking a flyer on this one. I am a glutton for punishment
From $18s to .48s. Time to be kicked off of the NASDAQ
When is this kind of Robbery (wealthy people) going to become a crime?
My computer has “Google”! It says 90 day at NASDAQ!
When does NASDAQ kick a penny stock off its exchange?
What do you believe their revenues are right now, today?
Why did ASTI go to the NASDAQ with no significant revenues??????????
Makes no sense.
Home sweet home?:: OTC .. Otc ..oTc .. otC
Approximately 3 weeks to next 10k. Do your own DD and ‘Find’ out what is going on. I personally am hoping for $0.25 before 10k.
*typo correction:
45% not 44%
Two people, a couple, living in Germany, seem to have been allowed to acquire 44% EACH of a U.S. company with technologically unique/important traits. Why was that allowed to happen?
$.76s hit. Back to the OTC ... back to the OTC
Wow this is crazy! I did not come to this board The Bash this company but it is a terrible mess. I owned it so that during the reverse split. I sold it for a nice Hefty tax loss the last day of year 2021. The last I read over a year ago they were starting a second shift on production I just can't imagine it being below a dollar now. I know we are on horrible times. I know we everything is low right now but you would think that this would be able to do better if it was all that meant to be with the production of solar panels and contracts
But yet you did….
Man of few words…..
I will NOT say I told you so....
What a waste to come on the NASDAQ exchange imo.
They aren't generating any REAL revenues. It was mostly hype.
Back to the OTC Back to the OTC Back to the OTC
Lol. Nowhere to be found! He made his money and left the building over a year ago
It's $.90. Time for OTC land again.
Time for OTC land again
This Pooch is gonna need another 1-for-5,000 R/S to stay on Nasdaq.
Oh for the glory days of OTC & nearly 1000 fold increase from $.0001 to $.096 in 6 months.
Oh for the glory days for ASTI .. oh for those glory days .. oh for those glory days.
And since Dec. 19, 2022, apparently planning debt of another $35plus Millions?
To the Stockholders of Ascent Solar Technologies, Inc.: The enclosed information statement (the “Information Statement”) is being distributed to the holders of record of the issued and outstanding shares of common stock, par value $0.0001 per share (“Common Stock”), of Ascent Solar Technologies, Inc., a Delaware corporation (the “Company,” “we”, “our” or “us”), as of December 19, 2022 (the “Record Date”), in connection with the corporate actions described below. The holders of a majority of the voting power of our outstanding shares of capital stock by written consent (the “Written Consent”), in lieu of a meeting, pursuant to Section 228 of the Delaware General Corporation Law (the “DGCL”) and Section 2.8 of Article II of our bylaws, approved the following corporate action (the “Authorized Issuance”):
•the potential issuance of shares of Common Stock in excess of 19.99% of the currently issued and outstanding shares of Common Stock of the Company to two institutional investors (each, an “Investor” and collectively, the “Investors”), in connection with the Company’s entry into a Securities Purchase Contract, dated December 19, 2022, by and between the Company and the Investors, for the issuance of:
A.$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”) to the Investors, 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 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;
B. (i) an additional $2,500,000 in aggregate principal amount of Senior Secured Original Issue 10% Discount Convertible Advance Notes, for a purchase price, together with the warrants described in (ii) below, of $2,250,000 in cash, net of an original issuance discount of $250,000 (the “Private Placement Advance Notes” and, together with the Registered Advance Notes and Additional Advance Notes (as defined below), the “Advance Notes”) to the Investors, 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 is convertible, at the option of the holders from time to time, into shares of Common Stock in the amounts and on the terms set forth in the Private Placement Advance Notes, or repayable in cash at maturity 18 months after the issuance of the Private Placement Advance Note and (ii) warrants granted to the Investors to purchase up to 2,513,406 shares of Common Stock, which have a five year term and an exercise price of $3.93 per share, in each case subject to adjustment in accordance with the terms thereof, in each case, pursuant to a concurrent private placement; and
C.additional Advance Notes for a purchase price equal to 90% of the principal amounts thereof (the “Additional Advance Notes”) that the Company may request be issued and sold to one of the Investors (the “Additional Advance Notes Investor”), in a registered direct offering, in an aggregate principal amount not to exceed $1,000,000 (or, with the consent of the Additional Advance Notes Investor, $2,000,000) in any given month, up to an aggregate principal amount of $35,000,000 of Additional Advance Notes; provided, however, that no more than one Additional Advance Note may be issued during any 30-day period.
The “Consenting Stockholders” are, collectively, Crowdex Investments, LLC, BD 1 Investment Holding, LLC, TubeSolar AG, Global Ichiban Limited, Lucro Investments VCC — ESG Opportunities Fund, and Nanyang Investment Management Pte. Ltd. As of the close of business on the Record Date, the Consenting Stockholders together owned 27,446,418 shares of the Company’s Common Stock, representing approximately 80.9% of the voting power of the outstanding shares of capital stock of the Company, on a combined basis.
The Written Consent constitutes the only stockholder approval required to approve the Authorized Issuance under the DGCL and the Company’s charter and bylaws. The Board of Directors is not soliciting your proxy or consent in connection with the Authorized Issuance and no proxies or consents are being requested from stockholders. The Information Statement is being furnished only to (1) inform the Company’s stockholders of the action described above before it takes effect in accordance with Rule 14c-2 promulgated under the Securities Exchange Act of 1934, as amended, and (2) provide the notice required under Section 228(e) of the DGCL. The Information Statement is being distributed and made available on or about January 3, 2023 to stockholders of record as of the Record Date. The Authorized Issuance shall be effective on or about January 23, 2023, or approximately 20 days after this Information Statement is first distributed and made available to stockholders.
THE INFORMATION STATEMENT IS FOR YOUR INFORMATION ONLY. YOU DO NOT NEED TO DO ANYTHING IN RESPONSE TO THE INFORMATION STATEMENT. THIS IS NOT A NOTICE OF A MEETING OF STOCKHOLDERS AND NO STOCKHOLDER MEETING WILL BE HELD TO CONSIDER ANY MATTER DESCRIBED IN THE INFORMATION STATEMENT. WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY. By Order of the Board of Directors, /s/ Jeffrey A. Max Jeffrey A. Max President and CEO January 3, 2023
$ASTI has $4.96M of Debt
Ascent Solar Technologies: Burning Cash And Far From Profitable
Jan. 08, 2023 4:00 AM ET
https://seekingalpha.com/article/4568526-ascent-solar-technologies-are-burning-cash-and-far-from-profitable?mailingid=30185736&messageid=2800&serial=30185736.484&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=30185736.484
Conclusion
Ascent Solar Technologies is a company producing a one of a kind technology of ultra thin and flexible PV film. They have managed to secure some government contracts and have a pretty niche sector to generate revenues from.
With a balance sheet in shambles and a revenue report that leaves question marks it doesn't seem ASTI are right now where they could be, with 50% less cash compared to last year because of a departing CEO and investments in current assets. Another part keeping me away is the large increase in outstanding shares. It's a new company in need of raising capital, so it should be expected. But there are limits.
The share dilution of ASTI
.3 1.4 3.9 22.5
I think that investing right now into ASTI is very dangerous as the dilution is incredibly high and the company is not even profitable yet. This makes the valuation very high and creates a large downside risk. I would sell any shares I had if I were invested at these times. Until the company manages to be profitable I think there is too much risk here and therefore will stay away.
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With 40 years of R&D and a comprehensive patent portfolio behind it, Ascent Solar is the leading provider of CIGS solar technology. Ascent’s unique patented monolithic integration process enables the highest level of flexibility, efficiency, durability & weight savings, revolutionizing the way solar power can be used in everyday life. Ascent Solar’s Research and Development and its 4.5 MW nameplate production facility is in Thornton, Colorado. Ascent has cemented itself as the leader in the manufacturing of innovative, high performance, flexible thin-film solar panels for both existing and emerging agrivoltaic, space, and aerospace applications.
Tube Solar AG uses Ascent solar films to enable farmers to successfully balance farming solar and agriculture
Silent Falcon UAV using Ascent thin films achieves a 50% range extension
NASA tests validate Ascent's superior performance for space environments
We bring together 20+ years of R&D, 17 years of manufacturing experience, numerous awards and a comprehensive IP and patent portfolio to to cement our leadership in the photovoltaics market.
Our thin film PV panels are manufactured using cutting-edge CIGS (Copper-Indium-Gallium-Selenide) with patented monolithic integration.
Our patent-protected processes enable us to precisely apply layers of these elements on a thin (25micron) polyamide substrate to create resilient and featherweight panels that convert sunlight into electric power.
COMPANY NEWS
April 18, 2024
DISCLAIMER:
Nothing in the contents transmitted on this board should be construed as an investment advisory, nor should it be used to make investment decisions.
There is no express or implied solicitation to buy or sell securities.
The author(s) may have positions in the stocks or financial relationships with the company or companies discussed and may trade in the stocks mentioned.
Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. All information should be considered for information purposes only.
No stock exchange has approved or disapproved of the information here.
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