Ascent Solar Announces Public Offering of Common Stock
November 10 2010 - 4:00PM
Business Wire
Ascent Solar Technologies, Inc. (NASDAQ:ASTI) today announced
that it intends to commence an underwritten public offering of its
common stock. The offering is being conducted pursuant to an
effective shelf registration statement on file with the Securities
and Exchange Commission. Net proceeds from the offering are
expected to be used for the completion of Ascent Solar's 30
megawatt FAB2 production plant and for general corporate
purposes.
Cowen and Company, LLC is acting as the sole lead underwriter
and Rodman & Renshaw, LLC and ThinkEquity LLC are acting as
co-managers in this offering.
A preliminary prospectus supplement related to the offering has
been filed with the SEC and is available on the SEC's website at
http://www.sec.gov. Copies of the preliminary prospectus
supplement, and, when available, the final prospectus supplement,
as well as the accompanying base prospectus relating to this
offering may be obtained on the SEC's website or from the offices
of Cowen and Company, LLC (c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, NY 11717, Attn: Prospectus Department
(631) 254-7106).
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, and there shall not be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Ascent Solar Technologies:
Ascent Solar Technologies, Inc. is a developer of thin-film
photovoltaic modules with substrate materials that can be more
flexible and affordable than most traditional solar panels. Ascent
Solar modules can be directly integrated into standard building
materials, commercial transportation, automotive solutions, space
applications, consumer electronics for portable power or configured
as stand-alone modules for large scale terrestrial deployment.
Ascent Solar is headquartered in Thornton, Colo. Additional
information can be found at www.ascentsolar.com.
Forward-Looking Statements
This press release contains forward-looking statements,
including statements regarding Ascent Solar’s expectations
regarding the completion and anticipated proceeds of the public
offering. All statements other than statements of historical fact,
including statements containing words such as “may,” “will,”
“should,” “believes,” “expect,” “intend,” “anticipate,” “plan,”
“estimate” and similar expressions, are forward-looking statements.
These forward-looking statements are based upon our current
expectations. Such forward-looking statements involve known and
unknown risks, uncertainties and other unknown factors that could
cause actual results and the timing of events to be materially
different from those expressed or implied by such forward-looking
statements, including, without limitation, risks and uncertainties
related to Ascent Solar’s business and the satisfaction of the
conditions of the closing of the public offering. The
forward-looking statements contained herein are also subject to
risks and uncertainties that are described in the “Risk Factors”
section and elsewhere in the preliminary prospectus supplement
dated November 10, 2010, the Company’s most recent annual report on
Form 10-K and the Company’s subsequent filings with the Securities
and Exchange Commission. Ascent Solar does not undertake any
obligation to update publicly any forward-looking statements
whether as a result of the receipt of new information, future
events, or otherwise.
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