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News  ›  GlobeNewswire Inc.

Ascent Solar Technologies Announces Closing of Up to $5.5 Million Private Placement Priced At-The-Market Under Nasdaq Rules

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Ascent Solar Technologies
Ascent Solar Technologies Announces Closing of Up to $5.5 Million Private Placement Priced At-The-Market Under Nasdaq Rules

Ascent Solar Technologies closed a private placement offering of 1,025,643 shares and warrants, raising approximately $2 million upfront with potential additional proceeds of $3.5 million from warrant exercises.

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The company is raising capital through a private placement, which suggests a need for working capital but is a standard financing method for growth and operational needs