Ascent Solar Technologies, Inc. Announces Pricing of $6,000,000 Public Offering of Shares of Common Stock
April 10 2024 - 8:48AM
Ascent Solar Technologies, Inc. (“Ascent Solar” or the “Company”)
(Nasdaq: ASTI), a U.S. innovator in the design and manufacturing of
featherweight, flexible thin-film photovoltaic (PV) solutions,
today announced the launch of a “best efforts” public offering of
gross proceeds up to $6 million at a price of $0.14 per share of
common stock (“Shares”). In lieu of Shares, investors can purchase
one prefunded warrant to purchase a Share. The prefunded warrants
are immediately exercisable at a price of $0.0001 per Share and
only expire when such prefunded warrants are fully exercised.
Dawson James Securities, Inc. is acting as the exclusive
placement agent for the offering.
This offering is being made by the Company pursuant to a
registration statement on Form S-1 (File No. 333-277070), which was
declared effective by the United States Securities and Exchange
Commission (“SEC”) on April 9, 2024. The securities may only be
offered by means of a prospectus. Copies of the prospectus may be
obtained, when available, at the SEC’s website at www.sec.gov or
from Dawson James Securities, Inc. Attention: Prospectus
Department, 101 North Federal Highway, Suite 600, Boca Raton, FL
33432, investmentbanking@dawsonjames.com or toll free at
866.928.0928.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such
jurisdiction.
About Ascent Solar Technologies, Inc.
Backed by 40 years of R&D, 15 years of manufacturing
experience, numerous awards, and a comprehensive IP and patent
portfolio, Ascent Solar Technologies, Inc. is a leading provider of
innovative, high-performance, flexible thin-film solar panels for
use in environments where mass, performance, reliability, and
resilience matter. Ascent’s photovoltaic (PV) modules have been
deployed on space missions, multiple airborne vehicles, agrivoltaic
installations, in industrial/commercial construction as well as an
extensive range of consumer goods, revolutionizing the use cases
and environments for solar power. Ascent Solar’s research and
development center and 5-MW nameplate production facility is in
Thornton, Colorado. To learn more,
visit https://www.ascentsolar.com
Forward-Looking Statements
Statements in this press release that are not statements of
historical or current fact constitute "forward-looking statements"
including statements about the financing transaction, our business
strategy, and the potential uses of the proceeds from the
transaction. Such forward-looking statements involve known and
unknown risks, uncertainties and other unknown factors that could
cause the company's actual operating results to be materially
different from any historical results or from any future results
expressed or implied by such forward-looking statements. We have
based these forward-looking statements on our current assumptions,
expectations, and projections about future events. In addition to
statements that explicitly describe these risks and uncertainties,
readers are urged to consider statements that contain terms such as
"will," "believes," "belief," "expects," "expect," "intends,"
"intend," "anticipate," "anticipates," "plans," "plan," to be
uncertain and forward-looking. No information in this press release
should be construed as any indication whatsoever of our future
revenues, stock price, or results of operations. The
forward-looking statements contained herein are also subject
generally to other risks and uncertainties that are described from
time to time in the company's filings with the Securities and
Exchange Commission including those discussed under the heading
"Risk Factors" in our most recently filed reports on Forms 10-K and
10-Q.
Investor Relations
Contactir@ascentsolar.com
Media ContactSpencer HerrmannFischTank
PRascent@fischtankpr.com
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