Ascent Solar Announces Closing of Public Offering of Common Stock 9.17M Shares at $1.20

Ascent Solar Technologies

, a developer of state-of-the-art, flexible thin-film photovoltaic modules, announced today that it has closed its previously announced underwritten public offering of 9,166,700 shares of its common stock at a price of $1.20 per share. Ascent received net proceeds, after deducting the underwriting discount and estimated offering expenses, of approximately $10.1 million. Ascent has also granted the underwriters a 45-day option to purchase up to an additional 1,375,005 shares of common stock to cover over-allotments, if any.