Ascent Solar Technologies Inc (ASTI): That's why you read the filings.... I...

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Re: fredman post# 22577

Monday, 01/23/2017 3:33:22 PM

Monday, January 23, 2017 3:33:22 PM

That's why you read the filings....

Item 1.01 Entry into a Material Definitive Agreement.

Offering of Unsecured Non-Convertible Notes

On January 16, 2017, the Company issued a $300,000 note to one accredited investor in exchange for $300,000 of gross proceeds. This investor note (i) will mature July 16, 2017 and (ii) will bear interest at a rate of 12% per annum. Principal and interest on this note are payable at maturity. This note is not convertible into equity shares of the Company. This note is unsecured.

On January 17, 2017, the Company issued a $700,000 note to one accredited investor in exchange for $670,000 of gross proceeds. This investor note (i) will mature July 17, 2017 and (ii) will bear interest at a rate of 12% per annum. Principal and interest on this note are payable at maturity. This note is not convertible into equity shares of the Company. This note is unsecured.