Ascent Solar Technologies, Inc. Announces Second and Third Closings of Public Offering of Common Stock and Pre-Funded Warrants at $0.14 Per Share
THORNTON, Colo., April 18, 2024 (GLOBE NEWSWIRE) — 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 second and third closings under its previously announced “best efforts” public offering, at a per share offering price of $0.14. 2,550,000 shares of common stock and 11,735,714 Pre-Funded Warrants, representing gross proceeds of $2 million before deducting offering expenses, were sold in the final closing. The Pre-Funded Warrants are immediately exercisable at a price of $0.0001 per share of common stock and only expire when such prefunded warrants are fully exercised. The Company previously announced an initial closing under the offering that represented gross proceeds of $3.09 million before deducting offering expenses in gross proceeds. Aggregate gross proceeds from the offering totaled $5.09 million before deducting offering expenses.