THORNTON, Colo. – Ascent Solar Technologies (ASTI), a frontrunner in the burgeoning flexible solar panel market, today announced the pricing of a public offering. The company plans to offer 1,000,000 shares of common stock, or pre-funded warrants in their stead, along with warrants to purchase up to another 1,000,000 shares. This marks a significant move for the Colorado-based innovator, with the combined offering priced at $2.00 per share or pre-funded warrant, and accompanying warrant. The warrants carry an exercise price of $2.00 per share and are immediately exercisable, expiring five years from the initial issuance date. The closing of the offering is anticipated around June 30, 2025, contingent on customary closing conditions.
H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.
Ascent Solar expects to raise a gross total of $2.0 million from this offering, before deducting placement agent fees and other expenses. The company intends to channel the net proceeds into working capital, product development initiatives, general administrative expenses, and general corporate purposes.
The securities are being offered under a registration statement on Form S-1, which was declared effective by the Securities and Exchange Commission (SEC) on June 27, 2025. For investors, the preliminary prospectus is accessible on the SEC’s website. The final prospectus will be available as well. Stay tuned to the SEC’s website for the final prospectus.
This announcement does not constitute an offer to sell or a solicitation of an offer to buy these securities in any jurisdiction where such an offer, solicitation, or sale would be unlawful.
About Ascent Solar Technologies, Inc.
Ascent Solar Technologies boasts an impressive foundation of 40 years of research and development and 15 years of manufacturing expertise. They have won awards for their high-performance flexible thin-film solar panels. These lightweight and durable panels are used in scenarios where mass, performance, and resilience are critical. Ascent’s photovoltaic (PV) modules are in space missions, aircraft, agrivoltaic and industrial constructions, as well as many consumer goods. Ascent Solar has a 5-MW nameplate production facility in Thornton, Colorado.
To learn more, visit https://www.ascentsolar.com.
This press release contains forward-looking statements related to the offering, especially regarding completion, closing conditions, and the intended use of proceeds. These statements are based on current expectations and involve risks and uncertainties, including market conditions. Actual results may vary. Statements using words like “will,” “believes,” “expects,” “intends,” and “plans” are also inherently uncertain. Readers should not consider anything in this release as an indication of future revenues, stock price, or results of operations. The company’s filings with the SEC, including those under “Risk Factors”, contain more detailed information about these forward-looking statements, along with the numerous risks and uncertainties that could affect Ascent Solar’s business.
Original article, Author: Jam. If you wish to reprint this article, please indicate the source:https://aicnbc.com/3511.html
