Thursday, August 8, 2013

Ascent Solar Gets $3.0M In PIPE Funding

Thornton, Colorado-based solar products manufacturer Ascent Solar Technologies said today that it has raised $3.0M in a second close of a Series A preferred stock sale. The publicly traded firm, which is currently listed as ASTI on the NASDAQ, also said it has regained compliance with Nasdaq listing rules which require a minimum $1.00 bid price. Ascent Solar has recently refocused on the consumer market, applying its thin film photovoltaic technology to consumer products.