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Last $0.52 USD
Change Today -0.0011 / -0.21%
Volume 1.1M
As of 8:10 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

ascent solar technologies (ASTI) Key Developments

Ascent Solar Technologies Receives Non-Compliance Notice From NASDAQ

On June 18, 2015, Ascent Solar Technologies, Inc. received notice from The NASDAQ Stock Market (Nasdaq) that, because the closing bid price for the Company’s common stock has fallen below $1.00 per share for 30 consecutive business days, the Company no longer complies with the minimum bid price requirement for continued listing on the Nasdaq Capital Market. Nasdaq’s notice has no immediate effect on the listing of the Company’s common stock on the Nasdaq Capital Market. Pursuant to Nasdaq Marketplace Rule 5810(c)(3)(A), the Company has been provided an initial compliance period of 180 calendar days, or until December 15, 2015, to regain compliance with the minimum bid price requirement. To regain compliance, the closing bid price of the Company’s common stock must meet or exceed $1.00 per share for a minimum of 10 consecutive business days prior to December 15, 2015. If the Company does not regain compliance by December 15, 2015, the Company would have the right to appeal a determination to delist its common stock, and the common stock would remain listed on the Nasdaq Capital Market until the completion of the appeal process. The Company is considering actions that it may take in response to this notification in order to regain compliance with the continued listing requirements, but no decisions about a response have been made at this time.

Ascent Solar Technologies Receives Non-Compliance Notice From NASDAQ

On June 9, 2015, Ascent Solar Technologies, Inc. received a letter from the Listing Qualifications Department of The Nasdaq Stock Market, LLC (Nasdaq), notifying the Company that, for the last 30 consecutive business days, the Company has failed to comply with Nasdaq Listing Rule 5550(b)(2), which requires the Company to maintain a minimum “Market Value of Listed Securities” of $35 million for continued listing on the Nasdaq Capital Market. The letter also noted that the Company did not meet the alternative requirements under Listing Rules 5550(b)(1) or 5550(b)(3). In accordance with the Listing Rules, the Company has a period of 180 calendar days, or until December 7, 2015, to regain compliance with Listing Rule 5550(b)(2). The Company may regain compliance with the Listing Rule at any time during this compliance period if its Market Value of Listed Securities closes at $35 million or more for a minimum of ten consecutive business days. The letter has no effect on the listing or trading of the Company’s common stock at this time. However, there can be no assurance that the Company will be able to regain compliance with Listing Rule 5550(b)(2) or any other compliance alternatives under Listing Rule 5550(b). In the event that the Company does not regain compliance with Listing Rule 5550(b)(2) prior to the expiration of the compliance period, it will receive written notification that its securities are subject to delisting. At that time, the Company may appeal the delisting determination to a Hearings Panel pursuant to the procedures set forth in the applicable Nasdaq Listing Rules. The Company intends to actively monitor its Market Value of Listed Securities between now and December 7, 2015, and will consider available options to resolve the deficiency and regain compliance with Listing Rule 5550(b)(2).

Ascent Solar Technologies, Inc. Announces the Nationwide Launch of EnerPlex Products in 100 Select Sports Authority Stores

Ascent Solar Technologies, Inc. announced the nationwide launch of its EnerPlex products in 100 select Sports Authority stores. EnerPlex has changed the paradigm of solar-integrated and portable power products, providing consumers with lightweight, powerful and extremely durable charging solutions for all their portable electronics. Surfr™, a line of solar and battery integrated phone cases, allows users to charge their phone anywhere and in cases of emergency. Kickr™, a line of portable solar chargers, provides a charging solution for most USB-enabled devices, enabling power to be generated almost anywhere and in nearly every situation, perfect for emergency preparedness.

Ascent Solar Technologies, Inc. - Special Call

Ascent Solar Technologies, Inc. - Special Call

Ascent Solar Technologies, Inc. Appoints Victor Lee, President and Chief Executive Officer as Interim Principal Financial Officer

Ascent Solar Technologies, Inc. appointed Victor Lee, current president and chief executive officer, as interim principal financial officer. Mr. Lee will serve as interim principal financial officer until such time as the Board appoints a permanent replacement.

 

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Price/Sales 2.4x
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.2x
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