Hosted by IDTechEx
Printed Electronics World
Posted on November 12, 2010 by  & 
External Company Press Release

Ascent Solar prices public offering of common stock

Ascent Solar Technologies, Inc. today announced that it has priced its previously announced public offering. Ascent Solar is offering 5.25 million shares of its common stock at $4.15 per share to the public. Ascent Solar has granted the underwriters a 30-day option to purchase up to 787,500 additional shares of common stock from Ascent Solar. The net proceeds from the offering are expected to be approximately $20.25 million, after deducting the underwriting discount and estimated offering expenses payable by Ascent Solar. The offering is expected to settle and close on November 16, 2010, subject to customary closing conditions.
 
For more information about Ascent Solar, please visit www.ascentsolar.com External Link.
 
Follow the stock price of Printed Electronics companies at the Printed Electronics World Stock Tracker.
 
 
 
Cowen and Company, LLC acted as the sole book-running manager and Rodman & Renshaw, LLC and ThinkEquity LLC acted as co-managers in this offering. Ascent Solar expects to use the net proceeds for the completion of its 30 megawatt FAB2 production plant and for general corporate purposes.
 
This offering was made pursuant to an effective shelf registration statement on file with the Securities and Exchange Commission. A preliminary prospectus supplement related to the offering has been filed with the SEC and is available on the SEC's website at http://www.sec.gov. Copies of the preliminary prospectus supplement, and, when available, the final prospectus supplement, as well as the accompanying base prospectus relating to this offering may be obtained on the SEC's website or from the offices of Cowen and Company, LLC (c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Attn: Prospectus Department (631) 254-7106).
 
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, and there shall not be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
 
 
 
More IDTechEx Journals