Ascent Solar Technologies, Inc. Announces Completion of Initial Public Offering
18 Juillet 2006 - 12:00PM
Business Wire
Ascent Solar Technologies, Inc. (NASDAQ CAPITAL:ASTIU) (BSE:AKC/U),
a developer of state-of-the-art, thin-film photovoltaic materials
and modules, today announced the completion of its initial public
offering. The offering consisted of 3,000,000 Units at a public
offering price of $5.50 per Unit, and resulted in gross proceeds to
Ascent Solar of approximately $16.5 million. Each Unit consists of
one share of common, one class A warrant and two class B warrants.
The Units trade on the Nasdaq Capital Market under the symbol
ASTIU, and on the Boston Stock Exchange under the symbol AKC/U; on
August 10, 2006, the common stock and warrants will commence
trading separately on the Nasdaq Capital Market under the ticker
symbols ASTI, ASTIW and ASTIZ, respectively, and on the Boston
Stock Exchange under the symbols AKC, AKC&L and AKC&Z
respectively. Paulson Investment Company, Inc. served as the
managing underwriter of the offering. About Ascent Solar
Technologies, Inc.: Ascent Solar Technologies, Inc. is a developer
of state-of-the-art, thin-film photovoltaic materials and modules
and is located in Littleton, Colorado. Please visit our website for
additional information at www.ascentsolar.com. Statements in this
press release that are not statements of historical or current fact
constitute "forward-looking statements." Such forward-looking
statements involve known and unknown risks, uncertainties and other
unknown factors that could cause the Company's actual operating
results to be materially different from any historical results or
from any future results expresses or implied by such
forward-looking statements. In addition to statements that
explicitly describe these risks and uncertainties, readers are
urged to consider statements that contain terms such as "believes,"
"belief," "expects," "expect," "intends," "intend," "anticipate,"
"anticipates," "plans," "plan," to be uncertain and
forward-looking. The forward-looking statements contained herein
are also subject generally to other risks and uncertainties that
are described from time to time in the Company's filings with
Securities and Exchange Commission.
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