Dec. 8 at 6:41 PM
Ascent Solar Technologies announced a
$2 million private placement priced under Nasdaq market rules. The company agreed to sell 1,025,643 common shares (or pre-funded warrants) plus accompanying warrants at
$1.95 per share. The deal includes Series A and short-term Series B warrants, each allowing the purchase of up to 1,025,643 additional shares at a
$1.70 exercise price. If exercised in full, the warrants could generate roughly
$3.5 million more in gross proceeds, though exercise is not guaranteed. The financing is expected to close around December 8, 2025, with H.C. Wainwright & Co. acting as sole placement agent. Ascent plans to use the funds for working capital needs. The company, a producer of flexible thin-film solar panels, saw its stock decline as investors reacted to potential dilution tied to the offering and warrant structure.
$ASTI