12:15 PM EDT, 08/13/2024 (MT Newswires) -- Ascent Solar Technologies ( ASTI ) said Tuesday it will complete a 1-for-100 reverse stock split before market open on Thursday.

The company said it expects the reverse split to increase the per-share and bid price of its common stock above Nasdaq's required $1 minimum bid price for continued listing on the exchange.

Shares of Ascent Solar Technologies ( ASTI ) fell about 20% in recent trading.

Price: 0.06, Change: -0.02, Percent Change: -20.00