Why Is Ascent Solar (ASTI) Stock Up 11% Today?

Ascent Solar (NASDAQ:ASTI) stock is up on Friday after the solar technology company announced the payoff of its debts.This is in connection to convertible notes that were issued to institutional investors on Dec. 19, 2022. Ascent Solar says that it has completely paid off the remaining institutional investor’s notes.According to Ascent Solar, this covers all of the liabilities it has to this investor under that equity agreement. As such, the company says that it no longer has any obligations remaining from ...