Ascent solar technologies, inc. announces closing of public offering of units

Thornton, colo., oct. 02, 2023 (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 closing of its previously announced “best efforts” public offering of 3,572,635 units (“units”) at a price of $2.88 per unit, for gross proceeds of approximately $10.3 million, before deducting offering expenses, with each unit comprising (a) one share of common stock or, in lieu of common stock, one prefunded warrant to purchase a share of common stock, and (b) one common warrant to purchase a share of common stock. the prefunded 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 common warrants are immediately exercisable at a price of $2.88 per share of common stock and will expire five years from the date of issuance.
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