Flexible Electronics News

Strategic Investor Demonstrates Further Commitment to Ascent Solar

Hong Kong Boone Group Limited converts some of its holdings into common stock.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Ascent Solar Technologies, Inc. announced that Hong Kong Boone Group Limited has elected to convert 800 shares ($800,000 of invested capital) of the Series K Convertible Preferred Stock into common stock of the company at the fixed price of $0.0040 per share, pursuant to the Securities Purchase Agreement between the company and Boone Group, which was entered into on February 8, 2017.   Upon conversion, the company issued 200,000,000 shares of restricted common stock to the Boone Group, which r...

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