Ascent Solar prices 1.8M shares at $5.50 in private placement

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Tue, January 27, 2026 astatine 7:16 AM CST 1 min read

Ascent Solar (ASTI) Technologies entered into definitive agreements for the acquisition and merchantability of an aggregate of 1,818,182 shares of communal stock, bid A warrants to acquisition up to 1,818,182 shares of communal banal and short-term bid B warrants to acquisition up to 909,091 shares of communal banal astatine a acquisition terms of $5.50 per stock of communal banal and accompanying warrants successful a backstage placement priced at-the-market nether Nasdaq rules. The bid A warrants and the short-term bid B warrants volition person an workout terms of $5.50 and volition beryllium exercisable instantly upon issuance. The bid A warrants volition expire 5 years from the effectual day of the Resale Registration Statement and the short-term bid B warrants volition expire eighteen months from the effectual day of the Resale Registration Statement. The backstage placement is expected to adjacent connected oregon astir January 26, taxable to the restitution of customary closing conditions. H.C. Wainwright & Co. is acting arsenic the exclusive placement cause for the offering. The gross proceeds from the offering are expected to beryllium astir $10M, anterior to deducting placement agent’s fees and different offering expenses payable by the Company. The imaginable further gross proceeds to the Company from the bid A warrants and the short-term bid B warrants, if afloat exercised connected a currency basis, volition beryllium astir $15M.

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