Ascent Solar Technologies Announces Offering $7 Million of Stock to Existing Investor

Ascent Solar Technologies, Inc. (NASDAQ:ASTI) has announced that it is offering $7 million of a newly designated Series F 7% Convertible Preferred Stock to Redwood Management LLC, an existing investor.
According to the press release:

The Series F Preferred Stock will be issued to the investor through a registered direct offering.
A shelf registration statement (File No. 333-199214) relating to the Series F Preferred Stock being offered has been filed with and declared effective by the SEC.
A prospectus supplement relating to the offering of the Series F Preferred Stock will be filed by the Company with the SEC. Copies of the prospectus supplement, together with the accompanying prospectus, can be obtained at the SEC’s website at https://www.sec.gov or from Ascent Solar Technologies, Inc., 12300 Grant Street, Thornton CO 80241, Attention: Investor Relations.
The complete terms of the financing have been included in a Form 8-K filed by Ascent Solar with the SEC on January 20, 2016.

Click here to read the full press release.