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Tuesday, 01/15/2019 12:55:58 PM

Tuesday, January 15, 2019 12:55:58 PM

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https://ih.advfn.com/stock-market/USOTC/ascent-solar-technologies-inc-ASTI/stock-news/79056604/current-report-filing-8-k

Item 1.01 Entry into a Material Definitive Agreement.

Offering of Unsecured Convertible Note

On January 11, 2019, Ascent Solar Technologies, Inc., a Delaware corporation (the “Company”) entered into a note purchase with Jason Widjaja (“Investor”), for the private placement of a $330,000 Convertible Promissory Note (“Note”).

On January 11, 2019, the Company received $330,000 of gross proceeds from the offering of the Note.

Terms of the Convertible Note

The Note will mature on January 11, 2020. Principal and interest on the Note will be payable in a lump sum on January 11, 2020.

The Note will bear interest at a rate of 12% per annum.
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