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0.00601503759398493 0.00300751879699236 0.00601503759398493 0.00526315789473668 -0.0150375939849624 -0.00977443609022574 0.00676691729323296 -0.000751879699248246
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Ascent Solar Technologies, Inc. Announces Initial Closing of Public Offering of Common Stock and Pre-Funded Warrants [Yahoo! Finance]

Ascent Solar Technologies, Inc (ASTI) 
Company Research Source: Yahoo! Finance
in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, today announced the initial closing its previously announced “best efforts” public offering. 12,629,460 shares of common stock and 9,426,570 Pre-Funded Warrants, representing gross proceeds of $3.09 million before deducting offering expenses, have been sold. The prefunded warrants are immediately exercisable at a price of $0.0001 per share of common stock and only expire when such prefunded warrants are fully exercised. The offering will remain open until the earlier of (i) April 26, 2024; or (ii) such date as the Company determines to terminate the offering. We intend to use the net proceeds from this offering, together with our existing cash, to (i) pay approximately $200,000 to retire an outstanding cash payable related to our secured notes issued in December 2022, (ii) pay $1.8 million to purchase and cancel 2,798,116 warrants with a current exercise price of $1.76 per share that we Show less Read more
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