Form 8-K - Current report
2024年8月20日 - 5:45AM
Edgar (US Regulatory)
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0001350102
0001350102
2024-08-14
2024-08-14
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UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C.
20549
FORM 8-K
CURRENT REPORT
Pursuant
to Section 13 or 15(d) of
The
Securities Exchange Act of 1934
Date of Report (Date of
earliest event reported): August 19, 2024 (August
14, 2024)
ASCENT SOLAR
TECHNOLOGIES, INC.
(Exact name of registrant
as specified in its charter)
Delaware |
|
001-32919 |
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20-3672603 |
(State or other jurisdiction of incorporation) |
|
(Commission File Number) |
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(I.R.S. Employer Identification No.) |
12300 Grant Street |
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Thornton, CO |
80241 |
(Address of principal executive offices) |
(Zip Code) |
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(720) 872-5000 |
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(Registrant’s telephone number, including area code) |
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Not Applicable
(Former name, or former
address, if changed since last report.)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
|
Trading Symbol(s) |
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Name of each exchange on which registered |
Common
Stock, par value $0.0001 per share |
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ASTI |
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Nasdaq Capital
Market |
Indicate by check mark whether
the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule
12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company,
indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 3.01. Notice of Delisting
or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
As described below in Item
5.03, on August 14, 2024 Ascent Solar Technologies, Inc., a Delaware corporation (the “Company”), effected a reverse stock
split of the Company’s common stock at a ratio of one-for-one hundred (the “Reverse Stock Split”).
The Company believes that
effecting the Reverse Stock Split will assist in its efforts to meet the Nasdaq continued listing standards and to continue to have its
common stock remain listed and traded on Nasdaq. In particular, we expect that the Reverse Stock Split will increase the per share bid
price of its common stock above the $1.00 required by Nasdaq’s Minimum Bid Price Requirement.
Following the Reverse Stock
Split, the Company’s issued and outstanding shares of common stock were decreased from approximately 102 million pre-split shares
to 1.023 million post-split shares, and the Company’s publicly held or “free float” shares were reduced to approximately
1.021 million shares.
Item 3.03 Material Modifications to Rights of Security
Holders
To the extent required by Item 3.03 of Form 8-K,
the information contained in Item 5.03 of this Current Report on Form 8-K is incorporated herein by reference.
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On August 13, 2024, the Company filed a Certificate
of Amendment to the Amended and Restated Certificate of Incorporation of the Company (the “Certificate of Amendment”) with
the Secretary of State of the State of Delaware to effect the Reverse Stock Split of the Company’s common stock at a ratio of one-for-one
hundred.
The Certificate of Amendment provides that the
Reverse Stock Split became effective as of 5:00 p.m. Eastern Time on August 14, 2024 (the “Effective Time”), at which time
every one hundred shares of the Company’s issued and outstanding common stock were automatically combined into one issued and outstanding
share of common stock, without any change in the par value per share. The Certificate of Amendment provides that in the event a stockholder
would otherwise be entitled to receive a fraction of a share of common stock, such stockholder shall receive one whole share of common
stock in lieu of such fractional share and no fractional shares shall be issued.
Trading of the Company’s common stock on
Nasdaq on a split-adjusted basis commenced at market open on August 15, 2024. The new CUSIP number for the common stock following the
Reverse Stock Split is 043635804.
Following the Reverse Stock Split, the Company’s
issued and outstanding shares of common stock were decreased from approximately 102.3 million pre-split shares to 1.023 million post-split
shares. The Reverse Stock Split did not change the number of authorized shares of the Company's common stock, which remains at 500 million
shares.
The reverse stock split will also apply to the
Company’s common stock issuable upon the exercise of its outstanding warrants, stock options and restricted stock units, with proportionate
adjustments to be made to the exercise prices thereof and under the Company’s equity incentive plans.
A copy of the Certificate of Amendment is filed
as Exhibit 3.1 hereto and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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ASCENT SOLAR TECHNOLOGIES, INC. |
|
|
|
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August 19, 2024 |
|
|
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By: |
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/s/ Jin Jo |
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|
|
|
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|
|
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Name: Jin Jo |
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|
|
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Title: Chief Financial Officer |
Exhibit 3.1
![](https://www.sec.gov/Archives/edgar/data/1350102/000107997324001281/image_001.jpg)
![](https://www.sec.gov/Archives/edgar/data/1350102/000107997324001281/image_002.jpg)
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