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Ascent Solar Technologies, Inc. — Director's Dealing 2022
Mar 2, 2022
35368_dirs_2022-03-02_7f6f6794-d57c-4d5b-a344-9f7e7acd10a9.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Ascent Solar Technologies, Inc. (ASTI)
CIK: 0001350102
Period of Report: 2022-02-01
Reporting Person: BD1 Investment Holding, LLC (10% Owner)
Reporting Person: Kuhn Johannes (10% Owner)
Reporting Person: Kuhn Ute (10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-02-01 | Common Stock | C | 15800000 | $0.50 | Acquired | 15933334 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-02-01 | Unsecured convertible promissory notes | $0.50 | C | 15800000 | Disposed | Common Stock (15800000) | Direct |
Footnotes
F1: Represents two unsecured convertible promissory notes with principal amounts of $7,740,000 and $160,000, which converted into shares of common stock at a conversion price per share of $0.50. The conversion price was adjusted to reflect a reverse stock split of the Issuer's common stock at a ratio of 1-5,000 on January 28, 2022 (the "Reverse Stock Split"). This joint filing on Form 4 includes Mr. Johannes Kuhn and Mrs. Ute Kuhn who are the 100% indirect owners of BD1 Investment Holding, LLC.
F2: Reflects the Reverse Stock Split.
F3: The maturity date is December 18, 2025.