Ascent Solar: Stock Offering
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THORNTON, Colorado - Ascent Solar Technologies, Inc. (NASDAQ: ASTI), a developer and manufacturer of state-of-the-art, flexible thin-film photovoltaic modules integrated into the company's EnerPlex™ series of consumer products, announced that the Company is offering $7 million of a newly designated Series F 7% Convertible Preferred Stock (the "Series F Preferred Stock") to existing investor Redwood Management LLC.
The Series F Preferred Stock will be issued to the investor through a registered direct offering.
A shelf registration statement (File No. 333-199214) relating to the Series F Preferred Stock being offered has been filed with and declared effective by the SEC.
A prospectus supplement relating to the offering of the Series F Preferred Stock will be filed by the Company with the SEC. Copies of the prospectus supplement, together with the accompanying prospectus, can be obtained at the SEC's website at http://www.sec.gov or from Ascent Solar Technologies, Inc., 12300 Grant Street, Thornton CO 80241, Attention: Investor Relations.
The complete terms of the financing have been included in a Form 8-K filed by Ascent Solar with the SEC on January 20, 2016.
About Ascent Solar Technologies:
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules using flexible plastic substrate materials that are more versatile and rugged than traditional solar panels. Ascent Solar modules, which were named one of TIME Magazine's 50 best inventions for 2011, can be directly integrated into consumer products and off-grid applications, commercial transportation, automotive solutions, space applications, consumer electronics for portable power and durable off-grid solutions. Ascent Solar is headquartered in Thornton, Colorado. For more information, go to www.goenerplex.com and www.ascentsolar.com