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Company will issue up to $10 million of Series B convertible preferred stock in two tranches
November 4, 2013
By: DAVID SAVASTANO
Editor, Ink World Magazine
Ascent Solar Technologies, Inc. announced the closing of initial $5 million tranche as part of an agreement to raise $10 million through a registered direct offering with institutional investor Ironridge Technology Co., a division of Ironridge Global IV LTD. In the transaction, the company will issue up to $10 million of Series B convertible preferred stock in two tranches. The second tranche of $5 million is expected to close in late 2013 or the early part of 2014. The second tranche prefer...
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