Flexible Electronics News

Ascent Solar Secures New Funding

Secures private placement of $1.35 million of the company’s newly designated Series J 10% Convertible Preferred Stock.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Ascent Solar Technologies, Inc. announced that the company has entered into a securities purchase agreement with an accredited investor for the private placement of $1.35 million of the company’s newly designated Series J 10% Convertible Preferred Stock.   At closing, the company issued a total of 225 shares of Series J Preferred Stock to the investor in exchange for gross proceeds of $225,000. The company will issue an additional 1,125 shares of Series J Preferred Stock in exchange for gross ...

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