BD1 Investment Holding, LLC 4
4 · Ascent Solar Technologies, Inc. · Filed Mar 2, 2022
Insider Transaction Report
Form 4
BD1 Investment Holding, LLC
10% Owner
Transactions
- Conversion
Unsecured convertible promissory notes
2022-02-01$0.50/sh−15,800,000$7,900,000→ 0 totalExercise: $0.50From: 2020-12-18→ Common Stock (15,800,000 underlying) - Conversion
Common Stock
2022-02-01$0.50/sh+15,800,000$7,900,000→ 15,933,334 total
Footnotes (3)
- [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.