Ascent solar technologies, inc. announces initial closing of public offering of common stock and pre-funded warrants

Thornton, colo., april 12, 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 initial closing its previously announced “best efforts” public offering. 12,629,460 shares of common stock and 9,426,570 pre-funded warrants, representing gross proceeds of $3.09 million before deducting offering expenses, have been sold. 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 offering will remain open until the earlier of (i) april 26, 2024; or (ii) such date as the company determines to terminate the offering.
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