Key Developments: Ascent Solar Technologies Inc (ASTI.BE)
0.39EUR
20 May 2013
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1,268
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Latest Key Developments (Source: Significant Developments)
Ascent Solar Technologies Inc Announces Closing Of Public Offering Of Common Stock
Ascent Solar Technologies Inc announced that it has closed its previously announced underwritten public offering of 9,166,700 shares of its common stock at a price of $1.20 per share. Ascent received net proceeds, after deducting the underwriting discount and estimated offering expenses, of approximately $10.1 million. Ascent has also granted the underwriters a 45-day option to purchase up to an additional 1,375,005 shares of common stock to cover over-allotments, if any. Ascent intends to use the net proceeds from this offering for working capital and for general corporate purposes. Aegis Capital Corp. acted as the sole book-running manager for this offering. Full Article
Ascent Solar Technologies Inc Announces Proposed Public Offering
Ascent Solar Technologies Inc announced its intention, subject to market and other conditions, to commence a public offering of its common stock. Ascent intends to use the net proceeds from the offering for general corporate purposes, including working capital, operations and other general corporate purposes. Aegis Capital Corp. is acting as the sole book-running manager for the offering. Full Article
Ascent Solar Technologies Inc Prices Public Offering of Common Stock
Ascent Solar Technologies Inc announced the pricing of its previously announced underwritten public offering. The Company is offering 9,166,700 shares of its common stock at $1.20 per share to the public. The gross proceeds from the offering are expected to be approximately $11.0 million, prior to deducting the underwriting discount and estimated offering expenses payable by Ascent. Ascent has granted the underwriter a 45-day option to purchase at the public offering price up to an aggregate of 1,375,005 additional shares of common stock to cover over-allotments, if any. The offering is expected to settle and close on or about September 25, 2012, subject to customary closing conditions. Aegis Capital Corp. is acting as the sole book-running manager for this offering. Full Article
Ascent Solar Technologies Inc Partners With Silent Falcon UAS Technologies And Bye Aerospace For Solar-powered Unmanned Aircraft Systems
Ascent Solar Technologies Inc announced that it is collaborating with Silent Falcon UAS Technologies and Bye Aerospace to provide its lightweight, flexible copper-indium-gallium-diselenide (CIGS) photovoltaics to power the Silent Falcon unmanned aerial system (UAS). Full Article
Ascent Solar Technologies Inc Receives Purchase Order for EnerPlex Solar Charger
Ascent Solar Technologies Inc announced that it has received a purchase order for 50,000 units of its EnerPlex solar charger for the Apple. The order is from Ascent’s exclusive distributor in Asia. Full Article
TFG Radiant Investment Group Ltd. Increases Ownership In Ascent Solar Technologies, Inc.
Ascent Solar Technologies, Inc. announced that TFG Radiant Investment Group Ltd. (TFG Radiant) has completed the acquisition of the Ascent Solar common stock owned by Norsk Hydro Produksjon AS (Norsk Hydro). With the purchase, TFG Radiant’s ownership interest increases from 19.4% to 39.0% of the outstanding common shares, making TFG Radiant the Company’s largest shareholder. The shares were purchased for approximately $0.50 per share. Full Article
Ascent Solar Technologies, Inc. Names New CEO-Denver Business Journal Online
Denver Business Journal Online reported that Ascent Solar Technologies, Inc. has appointed Victor Lee as the Company’s new president and Chief Executive Officer (CEO). He replaces Ron Eller, who headed Ascent since March 2011. Full Article
Ascent Solar Technologies, Inc. Enters Strategic Alliance With TFG Radiant Group Of China
Ascent Solar Technologies, Inc. and TFG Radiant Group announced they have signed a more than $275 million plus royalties long-term, multi-faceted, strategic partnership that includes investments by TFG Radiant in Ascent and a joint development agreement between TFG Radiant and Ascent to establish manufacturing facilities to be located in East Asia. Under the agreement, TFG Radiant has committed $165 million for the initial East Asia FAB, bringing the total deal value to about $450 million plus royalties. TFG Radiant has purchased 6,400,000 shares of Ascent stock at a price of $1.15 per share ($7.36 million), which represents a premium of 56% relative to the closing price of Ascent stock on August 12, 2011. In addition, under certain conditions (including Ascent obtaining the approval of its shareholders together with TFG Radiant meeting certain performance requirements relating to the initial FAB construction) TFG Radiant will receive the right to purchase an additional 9,500,000 shares of Ascent stock, at a price of $1.55 per share ($14.7 million). Ascent has agreed to exclusively license its technology for fabrication and distribution of flexible, lightweight copper, indium, gallium, diselenide (CIGS) photovoltaic modules to TFG Radiant for East Asia. The East Asia territory includes China, Taiwan, Hong Kong, Malaysia, Indonesia, Thailand, Korea, and Singapore. Ascent retains all rights for the U.S. and rest of the world. Full Article
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