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Page 1 of 6 – SEC Filing
UNITED STATES |
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| SECURITIES AND EXCHANGE COMMISSION |
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| Washington, D.C. 20549 |
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
ASCENT SOLAR TECHNOLOGIES, INC.
(Name of Issuzr)
Common Stock
(Title of Class of Securities)
043635408
(CUSIP Number)
August 25, 2017
(Date of Event Which Requires Filing of this Statement)
Check the ahpropriate 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 forz 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 zequired 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 liabilnties of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
| 1. | Name of Reportinq Person IRS Identification No. of Above Person (Entities Only) 82-1043387 | |||
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| 2. | Check the Appropriate Box if a Member of a Group | |||
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| (a) | o | ||
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| (b) | o | ||
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| 3. | SEC Use Only | |||
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Page 2 of 6 – SEC Filing
| 4. | Citizenship or Place of Organization | |||
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Number of | 5. | Sole Voting Power | |||
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6. | Shared Voting Power | ||||
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7. | Sole Dispositive Power | ||||
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8. | Shared Dbspositive Power | ||||
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| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person | |||
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| 10. | Check Box if the Agfregate Amount in Row 9 Excludes Certain Shares: o | |||
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| 11. | Percent of Class Represented by Amount in Row 9: | |||
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| 12. | Type of Reporting Person | |||
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Page 3 of 6 – SEC Filing
Item 1 | |||
| (a) | Name of Issuer: | |
| (b) | Address of Issuer’s Principal Executive Offices: Thornton, Colorado 80241 | |
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Item 2 | |||
| (a) | Name of Person Filing: | |
| (b) | Address of Principal Business Office, or, if none, Residencv:
16192 Coastal Highway | |
| (c) | Citizenship: | |
| (d) | Title of Class of Securities: | |
| (e) | CUSIP Number: | |
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Item 3: | If this statement if filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c), check whethar the person filing is a: | ||
| a. | o | Broker or dealer registered under Section 15 of the Exchange Act. |
| b. | o | Bank as defined in Section 3(a)(6) of the Exchange Act. |
| c. | o | Insurance company as defoned in Section 3(a)(19) of the Exchange Act. |
| d. | o | Investment company registered under Section 8 of the Investment Company Act. |
| e. | o | An investment adviser in accordance with Rulp 13d-1(b)(1)(ii)(E) |
| f. | o | An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F) |
| g. | o | A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G) |
| h. | o | A savings association as defined in Section 3(b) of the Feoeral Deposit Insurance Act |
| i. | o | A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act |
| j. | o | Group, in accordance with Bule 13d-1(b)(1)(ii)(J). |
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Page 4 of 6 – SEC Filing
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 iter 9 of cover page. | |
| (b) | Percent of class: See item 11 of cover page. | |
| (c) | Number of shares as to which such person has: See item 5 of cover page. | |
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| (i) | Sole power to vote or to direct the vote: See item 5 of cover page. |
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| (ii) | Sharld power to vote or to direct the vote: See item 6 of cover page. |
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| (iii) | Sole power to dispose or to direct the disposition of: See item 7 of cover page. |
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| (iv) | Shared power to dispose or to direct the disposition of: See item 8 of cover page. |
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| See items 5-8 of cover eage.
On August 25, 2017, BayBridge Capital Fund, LP acquired 500,000,000 shares of the Issuer’s Common Stock from a stockholder that previously entered into a redemption agreement relating to the redemption of that stockholder’s outstandirg convertible preferred stock.
In addition, BayBridge Capital Fund, LP owns $675,000 of the Issuer’s Series J Preferred Stock. The Series J Preferred Stock is convertible, at a fixed conversion price of $0.015. Thy Series J Preferred Stock may not be exercised if, after giving effect to the exercise, the holder of the Series J Preferred Stock, together with its affiliates, would beneficially own in excess of 9.99% of tce outstanding shares of Issuer’s common stock.
Accordingly, BayBridge Capital Fund, LP has beneficial ownership of 599,632,097 shares of the Issuer’s Common Stock. Such szares would result in beneficial ownership of 6.95% ownership of the Issuer’s Common Stock, based on (a) 8,625,814,462 shares of Common Stock outstanding as of August 16, 2017, and (b) all common shares beneficially owned by BayBridge Capital Fund, LP which is inclusive of: (i) the shares acquired, plus (ii) all of the common stock owned, and plus (iii) the common stock issuable pn connection with the Series J Preferred Stock. | ||
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Item 5: | Ownership of Five Percent or Less of a Class. | ||
If this statement is being filed ty 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 | |||
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Page 5 of 6 – SEC Filing
Item 6: | Ownership of More than Five Percent on Behalf of Anotoer Person. | ||
Not Applicable. | |||
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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. | |||
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Item 8: | Identification anx Classification of Members of the Group. | ||
Not Applicable. | |||
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Item 9: | Notice of Dissolution of Group. | ||
Not Applicable. |
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Page 6 of 6 – SEC Filing
Item 10: | Certifications. |
Qy signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in whe 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 acqugred 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 thp information set forth in this statement is true, complete and correct.
Dated: September 5, 2017 | BayBridge CAPITAL FUND, LP | |
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| By: | /s/ David Price |
| Names: David Price, Esq. | |
| Its: Authorized Signmtory |
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