Ascent Solar Announces Completion of Public Offering of Common Stock
November 16 2010 - 4:00PM
Business Wire
Ascent Solar Technologies, Inc. (NASDAQ: ASTI) today announced
that it has closed its previously announced public offering of 5.25
million shares of common stock at a price of $4.15 per share.
Ascent Solar received net proceeds, after offering expenses and
underwriting discounts and commissions, of approximately $20.25
million. Ascent Solar expects to use the net proceeds from the
offering for the completion of its FAB2 production plant and for
general corporate purposes.
Cowen and Company, LLC acted as the sole book-running manager
and Rodman & Renshaw, LLC and ThinkEquity LLC acted as
co-managers in the offering. The offering was made pursuant to an
effective shelf registration statement on file with the Securities
and Exchange Commission.
About Ascent Solar Technologies, Inc.
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 military and space
applications, building integrated applications, and consumer
electronics for portable power or configured as stand-alone modules
for large scale terrestrial deployment. Ascent Solar is located in
Thornton, Colorado. For more information about Ascent Solar, please
visit www.ascentsolar.com.
Forward-Looking Statements
Statements in this press release that are not statements of
historical or current fact constitute "forward-looking statements."
Such forward-looking statements involve known and unknown risks,
uncertainties and other unknown factors that could cause the
Company's actual operating results to be materially different from
any historical results or from any future results expressed or
implied by such forward-looking statements. In addition to
statements that explicitly describe these risks and uncertainties,
readers are urged to consider statements that contain terms such as
"believes," "belief," "expects," "expect," "intends," "intend,"
"anticipate," "anticipates," "plans," "plan," to be uncertain and
forward-looking. The forward-looking statements contained herein
are also subject generally to other risks and uncertainties that
are described from time to time in the Company's filings with the
Securities and Exchange Commission.
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