Ascent Solar Technologies ASTI, 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.
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