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Ascent Solar Completes $12 Million Common Stock Issuance at $3.96 Million

Second tranche of funds received from Asian investor

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Ascent Solar Technologies, Inc. announced the receipt of the second tranche of funds from the Stock Purchase Agreement (SPA) previously announced on July 31, 2014.

Ascent entered into the SPA with an Asian-based investor to sell 12 million shares of restricted common stock with no warrants at a fixed price of $0.33 per share. The first tranche of 4 million shares closed on July 29, 2014. The second tranche consisting of 8 million shares closed on Aug. 11, 2014, resulting in $2.64 million of additional proceeds to the company. This common stock will be restricted for resale until six months after the closure of the transaction.

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