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Expects to fully repay existing senior secured convertible note by January 2016.
November 12, 2015
By: DAVID SAVASTANO
Editor, Ink World Magazine
Ascent Solar Technologies, Inc. announced that the company has entered into two definitive agreements to raise $35.0 million from an accredited private investor. Pursuant to the agreements, the company will issue up to $2.8 million of a principal amount of the company’s newly designated Series E 7% Convertible Preferred Stock and enter into a Committed Equity Line (CEL) Purchase Agreement with the investor, whereby the company has the right to sell to investor, and investor is obligated to p...
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