Flexible Electronics News

Ascent Solar CEO Increases Equity Stake to More Than 20%

Tertius Financial Group demonstrates commitment to Ascent Solar.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Ascent Solar Technologies, Inc. announced that the company has entered into a security purchase agreement with Tertius Financial Group Pte. Ltd. (TFG), a Singapore-based entity controlled and 50% owned by Victor Lee, Ascent’s president and CEO.   Pursuant to the agreement, the company will issue approximately 333.33 million shares of Ascent Solar’s restricted common stock in exchange for TFG canceling its promissory note of $600,000 (plus accrued interest of approximately $4,340) that was issu...

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