Flexible Electronics News

Ascent Solar Announces Termination of $32 Million Secured Convertible Debt Agreement

New common stock investment secured through Asian investor

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Ascent Solar Technologies, Inc. announced the transaction contemplated by the Securities Purchase Agreement announced on July 21, 2014 has been terminated. A pre-condition to the closure of the transaction was for Ascent to obtain a consent from a third party under an existing financing agreement. This consent could not be obtained on terms that were mutually agreeable to all parties concerned, resulting in the company and the prospective investors having to terminate the agreement. Subseq...

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