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Article: Ascent Solar Announces Public Offering of Common Stock and Commitment from Norsk Hydro to Purchase Common Stock.
- Article from:
- Investment Weekly News
- Article date:
- October 17, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Ascent Solar Technologies, Inc. (NASDAQ:ASTI) announced that it intends to commence an underwritten public offering of 4 million shares of its common stock. The offering is being conducted pursuant to an effective shelf registration statement on file with the Securities and Exchange Commission. Ascent Solar expects to grant the underwriters a 30-day option to purchase 600,000 additional shares of common stock from Ascent Solar. Net proceeds from the offering are expected to be used for expansion of Ascent Solar's rated production capacity and for general corporate purposes.
Barclays Capital Inc. is the sole book-running manager of the offering. The offering will ...