Sec Form 13G Filing - Lucro Investments VCC - ESG Opportunities Fund filing for ASCENT SOLAR TECHNOLOGIES INC (ASTI) - 2023-03-23

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 2)*

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☒ Rule 13d-1(c)

☐ Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form 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 required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

___________________________

(1) Consists of (i) 3,679,255 shares of Common Stock (“Common Stock”) of Ascent Solar Technologies, Inc. (“Issuer”) held by Lucro Investments VCC – ESG Opportunities Fund (“Lucro”) and (ii) 1,415,095 shares of Common Stock issuable upon exercise of warrants to acquire shares of Common Stock (the “Warrants”) held by Lucro that are immediately exercisable; provided however, that Lucro may not exercise the Warrants to the extent that, after giving effect to such exercise, Lucro would beneficially own in excess of 9.99% of the shares of Common Stock outstanding, or, at Lucro’s election on not less than 61 days’ notice, 19.99% of the shares of Common Stock outstanding.

(2) Percentage ownership based on 36,928,917 shares of Common Stock outstanding as of March 10, 2023, as reported in Issuer’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 10, 2023.

Item 1(a).  Name of Issuer:

Ascent Solar Technologies, Inc.

Item 1(b).  Address of Issuer’s Principal Executive Offices:

12300 Grant Street, Thornton, CO 80241

Item 2(a).  Name of Person Filing

This Statement on Schedule 13G has been filed on behalf of the following persons (each, a “Reporting Person” and collectively, the “Reporting Persons”):

1.	Lucro Investments VCC - ESG Opportunities Fund

Item 2(b). Address of Principal Business Office or, if none, Residence:

The address of the Reporting Persons is 10 Anson Road, #16-06 International Plaza, Singapore 079903

Item 2(c).  Citizenship:

See Row 4 of the cover page for each Reporting Person.

Item 2(d).  Title of Class of Securities.

Common Stock, par value $0.0001 per share (“Common Stock”)

Item 2(e).  CUSIP Number:

043635606

Item 3.   If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

Not applicable.

Item 4.   Ownership.

	(a)	Amount beneficially owned:
		See Row 9 of cover page for each Reporting Person.
	(b)	Percent of class:
		See Row 11 of cover page for each Reporting Person.
	(c)	Number of shares as to which the person has:
		(i)	Sole power to vote or to direct the vote:
			See Row 5 of cover page for each Reporting Person.
		(ii)	Shared power to vote or to direct the vote:
			See Row 6 of cover page for each Reporting Person.
		(iii)	Sole power to dispose or to direct the disposition of:
			See Row 7 of cover page for each Reporting Person.
		(iv)	Shared power to dispose or to direct the disposition of:
			See Row 8 of cover page for each Reporting Person.

Item 5.   Ownership of 5 Percent or Less of a Class.

If this statement is being filed to 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 £.

Item 6.   Ownership of More than 5 Percent on Behalf of Another Person.

Not applicable.

 

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.

Item 8.   Identification and Classification of Members of the Group.

Not applicable.

Item 9.   Notice of Dissolution of Group.

Not applicable.

Item 10. Certifications.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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 acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.