Flexible Electronics News

Ascent Solar to Receive $6 Million Funding Boost from Asian Investor

Proceeds will fund expansion of retail channels for EnerPlex products, EnerPlex product line expansion

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Ascent Solar Technologies, Inc., a manufacturer of flexible thin-film photovoltaic modules integrated into the company’s new EnerPlex series of consumer products, announced the signing of an agreement to raise $6 million through a private placement to a high net worth private investor in Asia. In the private placement, the company will issue (i) shares of Series A Preferred Stock convertible, at a conversion price of $0.80 per share, into 7,500,000 shares of common stock and (ii) warrants ...

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