Flexible Electronics News

Ascent Solar Secures New Funding

Enters into agreement with new accredited investor for the private placement of $1 million.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Ascent Solar Technologies, Inc. has entered into a Securities Purchase Agreement with a new accredited investor for the private placement of $1 million of the company’s newly designated Series J-1 10% Convertible Preferred Stock.   Pursuant to the Agreement, shares of the Series J-1 Preferred Stock, including the amount of any accrued and unpaid dividends thereon, will be convertible at the option of the Investor into common stock at a fixed conversion price of $0.0125 per share. There are no ...

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