ProfitScout
4 월 전
$ASTI News: Ascent Solar Technologies Details Financial and Industry Status After Reverse Stock Split
THORNTON, Colo., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Ascent Solar Technologies (“Ascent” or the “Company”) (Nasdaq: ASTI), the leading U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, today commented on its positioning withing the solar industry after its previously-announced reverse stock split, which takes effect before market open on August 15, 2024.
“By effecting the reverse stock split, we believe we have better positioned the company to succeed moving forward both in the near and long term. We have amassed enough liquidity to continue operations well into the first quarter of 2025, an important factor as we continue to pursue strategic partnerships and customer engagements within key industry verticals including space and aerospace,” said Paul Warley, CEO of Ascent Solar Technologies.
“As interest in solar technologies continue to grow throughout the space and aerospace industries, we believe Ascent’s thin-film solar PV technologies present a highly viable product offering that is ready for efficient application across multiple high-growth verticals. We have continued to expand our new business pipeline, while also achieving dramatic advancements in in our technology over the last year – both of which we see as positives for potential customers, as well as our current and prospective investors.”
About Ascent Solar Technologies, Inc.
Backed by 40 years of R&D, 15 years of manufacturing experience, numerous awards, and a comprehensive IP and patent portfolio, Ascent Solar Technologies, Inc. is a leading provider of innovative, high-performance, flexible thin-film solar panels for use in environments where mass, performance, reliability, and resilience matter. Ascent’s photovoltaic (PV) modules have been deployed on space missions, multiple airborne vehicles, agrivoltaic installations, in industrial/commercial construction as well as an extensive range of consumer goods, revolutionizing the use cases and environments for solar power. Ascent Solar’s research and development center and 5-MW nameplate production facility is in Thornton, Colorado. To learn more, visit https://www.ascentsolar.com
Forward-Looking Statements
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" including statements about the financing transaction, our business strategy, and the potential uses of the proceeds from the transaction. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. We have based these forward-looking statements on our current assumptions, expectations, and projections about future events. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as “will,” "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. No information in this press release should be construed as any indication whatsoever of our future revenues, stock price, or results of operations. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company's filings with the Securities and Exchange Commission including those discussed under the heading “Risk Factors” in our most recently filed reports on Forms 10-K and 10-Q.
Media Contact
Spencer Herrmann
FischTank PR
ascent@fischtankpr.com
Value_Investor
4 월 전
ASTI has -$0.38 a share Huge Negative Book Value!
Within just three weeks the OS was diluted to 117,363,610 shares on June 1, 2024 while the old Outdated OS was only 30M shares on May 9, 2024!
Why the SEC didn't shut down this ENDLESS-Super-Heavy-Shares-Printing-Machine?
The ENDLESS Super-Heavy-Diluting Pos Scam just crashed to a New Low $0.077 today with Huge Sell-Off Volumes! A New low $0.018 will be created before the Upcoming Giant 1:5000 R/S!
The Official Giant R/S just kicked in very soon --- see the link below! I wish the R/S factor will not be greater than 1:10000!
https://www.otcmarkets.com/filing/html?id=17632196&guid=nUO-kWNHuR52B3h
The current OS of ASTI is 117,363,610 shares and very soon it will be Diluted to 500M shares (AS) since the On-Going Huge-DEBTs-Converting FREE shares are flooding to the market now...
So, let's liquidate ASTI at the bids ASAP before it is too late, then use all the cash proceeds to buy its Huge-Positive Book Value NASDAQ peers (their BV/PPS Ratio are 9.72 for EV-Stock KXI? and 13.42 for BIO-Stock TNX? respectively) or OTC-CI peer (AFF?: CLEAN-Shell with Mere 24,554,116 shares FIXED Tiny OS, it soared 400-Bagger so far) at their current Giant-Discount price levels in order to recover our Huge Losses here... KXI? did surge nearly 6-Bagger to $0.6 in Premarket session on May 17 with only 49M shares Small OS but $0.9842 a share Huge-Positive BV while TNX? ever soared 5.2-Bagger recently!
So, ASTI is Super Overvalued now!
ASTI is also at Hyper Overbought status based on its Huge-Negative Book Value!
Trooperstocks
5 월 전
$ASTI NEWS: Ascent Solar Technologies Announces Debt Pay Off for Outstanding Balances
Ascent Solar Technologies, Inc.
Fri, Jun 21, 2024, 8:00 AM EDT
In this article: ASTI
+15.28%
Ascent Solar Technologies, Inc.
THORNTON, Colo., June 21, 2024 (GLOBE NEWSWIRE) -- Ascent Solar Technologies, (Nasdaq: ASTI) (“Ascent” or the “Company”), the leading U.S. innovator in the design and manufacture of featherweight, flexible, and durable CIGS thin-film photovoltaic (PV) solutions, today provided a corporate update on the Securities Purchase Contract with an institutional investor previously disclosed on December 19, 2022.
The Company paid the remaining institutional investor’s notes payable and related liabilities today. No further obligations exist under the December 19, 2022, Securities Purchase Contract.
ABOUT ASCENT SOLAR TECHNOLOGIES, INC.
Backed by 40 years of R&D, 15 years of manufacturing experience, numerous awards, and a comprehensive IP and patent portfolio, Ascent Solar Technologies, Inc. is a leading provider of innovative, high-performance, flexible thin-film solar panels for use in environments where mass, performance, reliability, and resilience matter. Ascent’s photovoltaic (PV) modules have been deployed on space missions, multiple airborne vehicles, agrivoltaic installations, in industrial/commercial construction as well as an extensive range of consumer goods, revolutionizing the use cases and environments for solar power. Ascent Solar’s research and development center and 4.5-MW nameplate production facility is in Thornton, Colorado. To learn more, visit https://www.ascentsolar.com or follow the Company on LinkedIn and X (formerly Twitter).
FORWARD-LOOKING STATEMENTS
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" including statements about the financing transaction, our business strategy, and the potential uses of the proceeds from the transaction. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. We have based these forward-looking statements on our current assumptions, expectations, and projections about future events. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as “will,” "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. No information in this press release should be construed as any indication whatsoever of our future revenues, stock price, or results of operations. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company's filings with the Securities and Exchange Commission including those discussed under the heading “Risk Factors” in our most recently filed reports on Forms 10-K and 10-Q.
MEDIA CONTACT
Spencer Herrmann
FischTank PR
ascent@fischtankpr.com
INVESTOR CONTACT
ir@ascentsolar.com
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