Flexible Electronics News

Ascent Solar Secures $35 Million Financing Agreement

Will fund continued operations, expansion of retail channels for its EnerPlex products

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Ascent Solar Technologies, Inc., a manufacturer of state-of-the-art, flexible thin-film photovoltaic modules, integrated into the company’s new EnerPlex series of consumer products, announced the signing of a definitive agreement to raise $35 million in financing from one institutional investor. Pursuant to the definitive agreement, the company will issue (i) $32 million principal amount of senior secured convertible notes, (ii) $3 million of Series D convertible preferred stock and (iii) war...

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