Flexible Electronics News

Ascent Solar Completes $10 Million Preferred Stock Financing

Completes financing with Ironridge Technology Co.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Ascent Solar Technologies, Inc. announced it has completed the $5 million second closing under its previously announced Series B preferred stock purchase agreement with institutional investor Ironridge Technology Co., a division of Ironridge Global IV, Ltd. The company received the first $5 million from Ironridge in November 2013, and has now received the second $5 million. In both closings, the company issued Ironridge shares of its Series B-1 Preferred Stock, which is convertible into share...

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