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Ascent files $150 million shelf registration
By Devika Patel
Knoxville, Tenn., Jan. 9 - Ascent Solar Technologies, Inc. filed a $150 million shelf registration in an S-3 filing with the Securities and Exchange Commission.
The registration covers common stock, preferred stock and warrants.
The preferreds may be structured as convertibles.
Proceeds will be used to purchase capital equipment and expand Ascent's rated production capacity. To a lesser extent, the company may use some of the net proceeds to support its marketing and sales efforts, research and development activities and for general corporate and working capital purposes.
Located in Littleton, Colo., Ascent develops thin-film photovoltaic materials.
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