Ascent Solar Announces Adjournment of Annual Meeting

Source: www.gulfoilandgas.com 12/6/2023, Location: North America

Ascent Solar Technologies, Inc. (“Ascent Solar” or the “Company”) (Nasdaq: ASTI), a U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, today announced that its 2023 Annual Meeting of Stockholders (the “Annual Meeting”) scheduled for December 5, 2023 has been adjourned for the purpose of soliciting additional votes with respect to the proposals described in the Company’s definitive proxy statement for the Annual Meeting, filed with the Securities and Exchange Commission (the “SEC”) on October 23, 2023.

The required quorum for the transaction of business at the Annual Meeting is a majority of the voting power of shares of common stock issued and outstanding on the record date. The meeting was attended by less than the required voting power represented in person or by proxy. The Annual Meeting will be reconvened on Thursday, December 14, 2023, at 10:00 a.m. Mountain Time, and will continue to be held at the Company’s corporate office at 12300 Grant Street, Thornton, CO 80241.

The record date for determination of stockholders entitled to vote at the reconvened Annual Meeting remains October 16, 2023. At the time the Annual Meeting was adjourned, proxies had been submitted by stockholders representing approximately 42.3% of the shares of the Company’s common stock issued and outstanding as of the record date. At the time the Annual Meeting was adjourned, each of the proposals described in the Annual Meeting proxy statement had received a favorable vote from the shares that had been voted.

Stockholders as of October 16, 2023, the record date for the Annual Meeting, are encouraged to vote as soon as possible via the Internet at www.proxyvote.com or by phone at 1-800-690-6903. They must have their proxy card available.


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