Ascent Solar Announces Completion of Public Offering of Common Stock

Ascent Solar Technologies, Inc. announced that it has closed its previously announced public offering of 5.25 million shares of common stock at a price of $4.15 per share.

Ascent Solar received net proceeds, after offering expenses and underwriting discounts and commissions, of approximately $20.25 million. Ascent Solar expects to use the net proceeds from the offering for the completion of its FAB2 production plant and for general corporate purposes.