IPOS - Ascent Solar Technologies Inc. Announces Pricing of Public Offering of Units | Benzinga
THORNTON, Colo., Sept. 28, 2023 (GLOBE NEWSWIRE) -- Ascent Solar Technologies, Inc. ("Ascent Solar" or the "Company") (NASDAQ:ASTI), a U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, today announced the launch of a "best efforts" public offering of 3,572,635 units ("Units") at a price of $2.88 per Unit, with each Unit comprising (a) one share of common stock or, in lieu of common stock, one prefunded warrant to purchase a share of common stock, and (b) one common warrant to purchase a share of common stock. The prefunded warrants are immediately exercisable at a price of $0.0001 per share of common stock and only expire when such prefunded warrant are fully exercised. The common warrants are immediately exercisable at a price of $2.88 per share of common stock and will expire five years from the date of issuance.
Dawson James Securities, Inc. is acting as the exclusive placement agent for the offering.
This offering is being made by the Company pursuant to a registration statement on Form S-1 (File No. 333-274231), which was declared effective by the United States Securities and Exchange Commission ...