Ascent Solar Technologies, Inc. Announces Closing of $2.0 Million Public Offering

Core Viewpoint - Ascent Solar Technologies, Inc. has successfully closed a public offering of 1,000,000 shares of common stock and warrants, raising a total of $2.0 million for various corporate purposes [1][2]. Group 1: Offering Details - The public offering price was set at $2.00 per share, with the same price for the accompanying warrants, which have an exercise price of $2.00 and are exercisable immediately [1]. - The offering was facilitated by H.C. Wainwright & Co. as the exclusive placement agent [2]. - The gross proceeds from the offering amounted to $2.0 million before deducting fees and expenses [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for working capital, product development activities, general administrative expenses, and other corporate purposes [2]. Group 3: Company Background - Ascent Solar Technologies is recognized for its innovative, high-performance, flexible thin-film solar panels, supported by 40 years of research and development and 15 years of manufacturing experience [5]. - The company's photovoltaic modules have been utilized in various applications, including space missions and agrivoltaic installations, showcasing their versatility and reliability [5]. - The company's research and development center and production facility are located in Thornton, Colorado [5].