Filing Details

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

CUSIP No.   043635408

13D

1.

Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)  N/A(1)
Tertius Financial Group Pte. Ltd.

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

 o

(b)

 o

3.

SEC Use Only

4.

Source of Funds (See Instructions)
WC

5.

Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

6.

Citizenship or Place of Organization
Singapore

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
333,333,333

8.

Shared Voting Power
00,000

9.

Sole Dispositive Power
333,333,333

10.

Shared Dispositive Power
00,000

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
333,333,333

12.

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

13.

Percent of Class Represented by Amount in Row (11)
19.27%

14.

Type of Reporting Person (See Instructions)
CO

CUSIP No.   043635408

13D

Item 1.

Security and Issuer.

This Statement on Schedule 13D (the Statement) relates to the shares of common stock, $0.0001 par value per share (the Shares), of Ascent Solar Technologies, Inc., a Delaware corporation (the Issuer). The principal executive office of the Issuer is located at 12300 Grant Street, Thornton, CO 80241.

Item 2.

Identity and Background.

(a)-(c)               This Statement is being filed by Tertius Financial Group Pte. Ltd., a company organized under the laws of Singapore (TFG). TFG is a Singaporean investment firm. The address of TFGs principal office is 6 Temasek Boulevard #09-05, Suntec Tower Four, Singapore 038986. The name, residence or business address, and present principal occupation or employment of each of the executive officers and directors of TFG, and the name, principal business and address of any corporation or other organization in which such employment is conducted, are set forth on Schedule A and are incorporated by reference herein.

Victor Lee, the Companys chief executive officer and a director of the Company, is a director and a 50% equity owner of TFG.  Oki Widjaja is a director of TFG and an indirect 50% equity owner of TFG (through a related entity Pacific Development Group Incorporated).

(d)-(e)   During the last five years, neither TFG nor, to the best of TFGs knowledge, any person named in Schedule A, has been (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

(f)                                   The citizenships of each executive officer and director of TFG are set forth on Schedule A and are incorporated by reference herein.

Item 3.

Source or Amount of Funds or Other Consideration.

TFG acquired 333,333,333 Shares reported herein for an aggregate purchase price of $604,340 on January 19, 2017 pursuant to a Securities Purchase Agreement dated January 19, 2017 (the Securities Purchase Agreement).  The source of the funds paid by TFG was in the form of the cancellation of the Companys outstanding promissory note held by TFG in the principal amount of $600,000, plus accrued interest thereon of $4,340.

Item 4.

Purpose of Transaction.

TFG acquired the shares for investment purposes.  As of the date of this Statement, except as set forth within this Statement, the reporting person, has no plans or proposals that would result in any of the matters set forth within (a) - (j) of Item 4 of Schedule 13D.

Item 5.

Interest in Securities of the Issuer.

(a)                                 TFG beneficially owns 333,333,333 Shares, which constitutes approximately 19.27% of the Companys total number of Shares issued and outstanding as of January 27, 2017.

(b)                                 TFG has the sole voting and dispositive power over 333,333,333 Shares.

(c)                                  Except as described in Item 3 above with respect to the 333,333,333 Shares purchased on January 20, 2017, TFG has not effected any transactions in Shares during the past sixty days. To the knowledge of TFG, none of TFGs executive officers or directors has effected any transactions in the shares during the past sixty days.

(d)                                 To TFGs knowledge, no other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares reported herein.

(e)                                  Not applicable.

Item 6.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

On January 20, 2017, the Issuer and TFG entered into the Securities Purchase Agreement, a copy of which is filed as Exhibit 1 hereto. The description of the Securities Purchase Agreement contained herein is qualified in its entirety by reference to Exhibit 1, which is incorporated herein by reference. Under the terms of the Securities Purchase Agreement, among other things, TFG acquired 333,333,333 Shares.

The foregoing description of the Securities Purchase Agreement does not purport to be complete and is qualified in its entirety by reference to the Securities Purchase Agreement, which is filed as an exhibit hereto and incorporated herein by reference.

TFG Radiant Investment Group Ltd., a company organized under the laws of the British Virgin Islands (TFG Radiant) is a joint venture of Radiant Group, a Chinese construction and real estate conglomerate, and TFG.  TFG has an indirect interest in the shares of the Companys Common Stock owned by TFG Radiant.  TFG Radiant currently owns 293,681 shares.

In connection with previous investments into the Company by TFG Radiant, the Issuer and TFG Radiant had previously entered into a stockholders agreement and a number of other commercial agreements.  Such stockholders agreement and such commercial agreements have expired and are no longer in effect.

Item 7.

Material to be Filed as Exhibits.

Exhibit 1                                               Securities Purchase Agreement, dated January 19, 2017, incorporated by reference to Exhibit 10.1 of Issuers Current Report filed on Form 8-K on January 24, 2017.

CUSIP No.   043635408

13D

TERTIUS FINANCIAL GROUP PTE. LTD.

By:

/s/ Victor Lee

Name:

Victor Lee

Title:

Director

Date:

January 30, 2017

CUSIP No.   043635408

13D

SCHEDULE A

Directors, Executive Officers, and Controlling Persons of TFG

Residence or Business

Occupation or

Name

Citizenship

Address

Employment

Victor Lee

Singapore

6 Temasek Boulevard

#09-05

Suntec Tower Four, Singapore 038986

Director

Oki Widjaja

Indonesia

As above

Director