We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Ascent Solar Technologies Inc (PK) | USOTC:ASTI | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 10.00 | 9.60 | 11.00 | 0.00 | 01:00:00 |
|
UNITED STATES |
|
|
SECURITIES AND EXCHANGE COMMISSION |
|
|
Washington, D.C. 20549 |
|
|
|
|
SCHEDULE 13G
Under the Securities Exchange Act of 1934
ASCENT SOLAR TECHNOLOGIES, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
043635408
(CUSIP Number)
August 10, 2017
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
o |
Rule 13d-1(b) |
x |
Rule 13d-1(c) |
o |
Rule 13d-1(d) |
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be filed for purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
(1) Bellarine Enterprise Ltd is incorporated in the British Virgin Islands and does not have an I.R.S. identification number.
Item 4: |
Ownership |
||
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. |
|||
|
(a) |
Amount beneficially owned: See item 9 of cover page. |
|
|
(b) |
Percent of class: See item 11 of cover page. |
|
|
(c) |
Number of shares as to which such person has:
|
|
|
|
(i) |
Sole power to vote or to direct the vote:
|
|
|
(ii) |
Shared power to vote or to direct the vote:
|
|
|
(iii) |
Sole power to dispose or to direct the disposition of:
|
|
|
(iv) |
Shared power to dispose or to direct the disposition of:
|
|
|||
|
See items 5-8 of cover page.
On August 10, 2017, Bellarine and the Issuer entered into a redemption agreement relating to certain shares of Issuers convertible preferred stock owned by Bellarine. Pursuant to the redemption agreement, Issuer issued 500,000,000 shares of common stock to Bellarine in redemption of the outstanding convertible preferred stock.
Pursuant to the redemption agreement, Issuer also issued to Bellarine a warrant to purchase 250,000,000 shares of Issuers common stock. The warrant will be exerciseable, at a fixed exercise price of $0.003, on the issuance date through the first anniversary of the issuance date. The warrant may not be exercised if, after giving effect to the exercise, the holder of the warrant, together with its affiliates, would beneficially own in excess of 9.99% of the outstanding shares of Issuers common stock
Accordingly, Bellarine has beneficial ownership of 750,000,000 shares of Common Stock. Such shares would result in beneficial ownership of 8.00% ownership of the Companys Common Stock, based on (i) 8,625,814,462 shares of Common Stock outstanding as of August 16, 2017 and (ii) including as outstanding all of the shares issuable in connection with the warrant. |
||
|
|
||
Item 5: |
Ownership of Five Percent or Less of a Class. |
||
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities check the following box: o |
|||
|
|||
Item 6: |
Ownership of More than Five Percent on Behalf of Another Person. |
||
Not Applicable. |
|||
|
|||
Item 7: |
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. |
||
Not applicable. |
|||
|
|||
Item 8: |
Identification and Classification of Members of the Group. |
||
Not Applicable. |
|||
|
|||
Item 9: |
Notice of Dissolution of Group. |
||
Not Applicable. |
Item 10: |
Certifications. |
By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or effect. |
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: August 21, 2017 |
BELLARINE ENTERPRISE LTD |
|
|
|
|
|
|
|
|
By: |
/s/ Madison LIN |
|
Names: Madison LIN |
|
|
Its: Authorised Signatory |
1 Year Ascent Solar Technologies (PK) Chart |
1 Month Ascent Solar Technologies (PK) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions