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Ascent Solar Completes New Funding Agreement and Full Settlement of Secured Promissory Note

THORNTON, CO, March 10, 2021 (GLOBE NEWSWIRE) via NewMediaWire Ascent Solar Technologies, Inc. (OTC-PK: ASTI), a developer and manufacturer of state-of-the-art, lightweight, and flexible thin-film photovoltaic (PV) solutions, announces the completion of a new funding agreement and full settlement of a secured promissory note. On March 4, 2021, the Company entered into a common stock purchase agreement (“SPA”) with a private investor (the “Investor”) for the purchase of up to 75,000,000 shares of Common Stock of the Company at the fixed price of $0.04 per share (“New Shares”). At closing on March 9, 2021, the Company issued 75,000,000 New Shares to the Investor in exchange for $3,000,000 of gross proceeds. On March 9, 2021, the Company entered into a settlement agreement (“Settlement”) with our current secured promissory note holder, Global Ichiban Limited (“Global”). Pursuant to the Settlement, the Company issued ....

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