News: Photovoltaics
8 December 2025
Ascent Solar announces up to $5.5m private placement priced at-the-market under Nasdaq rules
Ascent Solar Technologies Inc of Thornton, CO, USA – which designs and makes lightweight, flexible copper indium gallium diselenide (CIGS) thin-film photovoltaic (PV) panels that can be integrated into consumer products, off-grid applications and aerospace applications – has entered into a definitive agreement for the purchase and sale of an aggregate of 1,025,643 shares of common stock (or pre-funded warrants in lieu thereof), series A warrants to purchase up to 1,025,643 shares of common stock, and short-term series B warrants to purchase up to 1,025,643 shares of common stock at a purchase price of $1.95 per share (or per pre-funded warrant in lieu thereof) and accompanying warrants in a private placement priced at-the-market under Nasdaq rules.
The series A warrants and the short-term series B warrants will have an exercise price of $1.70 and will be exercisable immediately upon issuance. The series A warrants will expire five years from the effective date of the resale registration statement and the short-term series B warrants will expire 18 months from the effective date of the resale registration statement.
The private placement is expected to close on or about 8 December, subject to the satisfaction of customary closing conditions. H.C. Wainwright & Co is acting as the exclusive placement agent for the offering.
Gross proceeds from the offering are expected to be about $2m, prior to deducting placement agent’s fees and other offering expenses payable by the company. The potential additional gross proceeds from the series A warrants and the short-term series B warrants, if fully exercised on a cash basis, will be about $3.5m.
No assurance can be given that any of the series warrants will be exercised, or that the company will receive cash proceeds from the exercise of the series warrants. Ascent intends to use the net proceeds from the offering for general working capital needs.
