Ascent Solar Closes 9 Mln Share Offering; Stock Down Fractionally

By Staff,

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Ascent Solar Technologies, Inc. ( ASTI ) has closed its previously announced underwritten public offering of 9.167 million shares of common stock at a price of $1.20 per share.

Ascent received net proceeds, after deducting the underwriting discount and estimated offering expenses, of approximately $10.1 million. Ascent has also granted the underwriters a 45-day option to purchase up to an additional 1.375 million shares of common stock to cover any over-allotments.

ASTI shares are down $0.01 to $1.18, after being up slightly in earlier trading. It trades within a 52-week range of $0.36 - $2.31.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: ASTI

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