Ascent Solar Technologies, Inc. (OTCPK:ASTI) announced a private placement of an unsecured promissory note for gross proceeds of $300,000 on January 16, 2017. The transaction included participation from existing lender, Global Ichiban Limited. The note carries a coupon of 12% per annum and will mature on July 16, 2017. The note is not convertible into equity of the company. The note was issued at par. The securities were issued pursuant to exemption provided under Regulation D. The company may prepay this note prior to the maturity date. Principal and interest on this note are payable at maturity.