News: Photovoltaics
28 January 2026
Ascent Solar closes up to $25m private placement
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 closed its private placement for the purchase and sale of 1,818,182 shares of common stock (or pre-funded warrants in lieu thereof), series A warrants to purchase up to 1,818,182 shares and short-term series B warrants to purchase up to 909,091 shares at a purchase price of $5.50 per share (or per pre-funded warrant in lieu thereof) and accompanying warrants priced at-the-market under Nasdaq rules.
The series A warrants and the short-term series B warrants have an exercise price of $5.50 and are 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.
H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.
Gross proceeds were about $10m, 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 $15m. 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. The firm intends to use the net proceeds for general working capital needs.
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