Ascent Solar Technologies Inc (ASTI)

[ErnieBilco]

Offering Effective.

We are offering on a best efforts basis up to 40,000,000 shares of common stock. At an assumed offering price of $0.314 per share, which is equal to the
closing transaction price of a share of our common stock on the Nasdaq Capital Market on April 8, 2024, we would issue 19,108,280 shares and raise gross
proceeds of approximately $6.0 million in this offering. The presentations in this prospectus assume an offering price of $0.314, per share. The actual price of,
and number of shares of, common stock to be offered may vary.