Flexible Electronics News

Ascent Solar Announces $32 Million Secured Convertible Debt Agreement

Will receive $7 million in gross proceeds at closing

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Ascent Solar Technologies, Inc. announced that it entered into definitive agreements on July 18, 2014 with institutional and certain investors, pursuant to which it will issue $32 million principal amount of senior secured convertible notes and warrants to purchase shares of its common stock in a private placement. The transaction is subject to customary closing conditions and is expected to close by July 25, 2014. Ascent Solar will receive $7 million in gross proceeds at closing. The remain...

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