ASTI - Why Ascent Solar Stock Is Climbing | Benzinga
Ascent Solar Technologies, Inc. (NASDAQ:ASTI) shares are trading higher Friday after the company announced it has paid off outstanding balances on a securities purchase contract.
The Details:
The company provided a corporate update on the securities purchase contract with an institutional investor previously disclosed on Dec. 19, 2022, pursuant to which the company issued $12.5 million in convertible advance notes and an additional $2.5 million in convertible advance notes in a concurrent private placement transaction.
Ascent Solar said it has paid the remaining institutional investor’s notes payable and related liabilities and no further obligations exist under the securities purchase contract.
Ascent Solar shares are moving on heavy trading volume following the announcement. According to data from Benzinga ...