BD1 Investment Holding, LLC - 01 Feb 2022 Form 4 Insider Report for Ascent Solar Technologies, Inc. (ASTI)

Role
10%+ Owner
Signature
By: /s/ Todd Steadman, Manager of BD1 Investment Holding, LLC and attorney-in-fact for Johannes Kuhn and Ute Kuhn
Issuer symbol
ASTI
Transactions as of
01 Feb 2022
Net transactions value
$0
Form type
4
Filing time
02 Mar 2022, 16:36:51 UTC
Previous filing
20 Jan 2022
Next filing
03 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASTI Common Stock Conversion of derivative security $7,900,000 +15,800,000 +11850% $0.5000* 15,933,334 01 Feb 2022 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ASTI Unsecured convertible promissory notes Conversion of derivative security $7,900,000 -15,800,000 -100% $0.5000* 0 01 Feb 2022 Common Stock 15,800,000 $0.5000 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.