Ascent Solar announces debt reduction, plan for full payoff

Ascent Solar Technologies provided a corporate update on the Securities Purchase Contract with two institutional investors previously disclosed on December 19, 2022. Currently, one institutional investor’s notes payable and related liabilities have been completely paid out and the remaining investor has been substantially paid off with an approximate remaining notes payable balance of $6,700 and an approximate $200,000 of payables outstanding. It is Ascent’s intention to pay all remaining balances with this institutional investor upon completion of the next equity raise.