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Jun 21st, 2013
CIGS manufacturer Ascent Solar raises $6 million from private investor in Asia
As reported by Bloomberg, Ascent Solar Technologies Inc. (ASTI), the U.S. thin-film photovoltaic manufacturer that’s shifting its focus to consumer electronics, will receive $6 million from a private investor in Asia.
Ascent, based in Thornton, Colorado, will issue Series A preferred stock that may be converted into 7.5 million common shares for 80 cents each, according to a statement. The company also will issue three-year warrants to acquire an additional 2.63 million shares at 90 cents each.
The company rose 4 percent to 78 cents at the close in New York.
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