THORNTON

Ascent Solar Technologies, Inc. Announces Second and Third Closings of Public Offering of Common Stock and Pre-Funded Warrants at $0.14 Per Share

Retrieved on: 
Thursday, April 18, 2024
CO, Sale, Prospectus, ASTI, Ascent Solar, Suite, Security (finance)

2,550,000 shares of common stock and 11,735,714 Pre-Funded Warrants, representing gross proceeds of $2 million before deducting offering expenses, were sold in the final closing.

Key Points: 
  • 2,550,000 shares of common stock and 11,735,714 Pre-Funded Warrants, representing gross proceeds of $2 million before deducting offering expenses, were sold in the final closing.
  • The Pre-Funded Warrants are immediately exercisable at a price of $0.0001 per share of common stock and only expire when such prefunded warrants are fully exercised.
  • The Company previously announced an initial closing under the offering that represented gross proceeds of $3.09 million before deducting offering expenses in gross proceeds.
  • The repurchase of the warrants eliminated a substantial potential future issuance of common stock at a substantially reduced price.

Momentus and Ascent Solar Technologies Partner to Bring Leading-Edge Solar Arrays to Market

Retrieved on: 
Wednesday, April 17, 2024
Titan, Radiation, ASTI, Partnership, Orbit, CIGS, Growth, SAN, Renewable energy

SAN JOSE, Calif., April 17, 2024 (GLOBE NEWSWIRE) -- Momentus Inc. (NASDAQ: MNTS) ("Momentus") and Ascent Solar Technologies, (Nasdaq: ASTI) (“Ascent”) today announced a new partnership to jointly market leading-edge solar arrays utilizing the low-cost Tape Spring Solar Array (TASSA) being developed by Momentus and the high performance of Ascent’s flexible, lightweight photovoltaic modules.

Key Points: 
  • SAN JOSE, Calif., April 17, 2024 (GLOBE NEWSWIRE) -- Momentus Inc. (NASDAQ: MNTS) ("Momentus") and Ascent Solar Technologies, (Nasdaq: ASTI) (“Ascent”) today announced a new partnership to jointly market leading-edge solar arrays utilizing the low-cost Tape Spring Solar Array (TASSA) being developed by Momentus and the high performance of Ascent’s flexible, lightweight photovoltaic modules.
  • Last year’s pathfinder TASSA demonstration validated solar blankets from Ascent, as a mass efficient and robust power generation solution.
  • Momentus plans to incorporate in TASSA new higher efficiency solar blankets from Ascent composed of space industry optimized Titan Modules, achieving even lower cost per kW of power.
  • “Ascent’s flexible, lightweight photovoltaic modules are ideal for the space environment,” said Paul Warley, CEO of Ascent Solar Technologies.

Ascent Solar Technologies, Inc. Announces Initial Closing of Public Offering of Common Stock and Pre-Funded Warrants

Retrieved on: 
Friday, April 12, 2024
CO, Sale, Prospectus, ASTI, Ascent Solar, Suite, Security (finance)

THORNTON, Colo., April 12, 2024 (GLOBE NEWSWIRE) -- Ascent Solar Technologies, Inc. (“Ascent Solar” or the “Company”) (NASDAQ: ASTI), a U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, today announced the initial closing its previously announced “best efforts” public offering.

Key Points: 
  • THORNTON, Colo., April 12, 2024 (GLOBE NEWSWIRE) -- Ascent Solar Technologies, Inc. (“Ascent Solar” or the “Company”) (NASDAQ: ASTI), a U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, today announced the initial closing its previously announced “best efforts” public offering.
  • 12,629,460 shares of common stock and 9,426,570 Pre-Funded Warrants, representing gross proceeds of $3.09 million before deducting offering expenses, have been sold.
  • The prefunded warrants are immediately exercisable at a price of $0.0001 per share of common stock and only expire when such prefunded warrants are fully exercised.
  • The offering will remain open until the earlier of (i) April 26, 2024; or (ii) such date as the Company determines to terminate the offering.

Ascent Solar Technologies, Inc. Announces Pricing of $6,000,000 Public Offering of Shares of Common Stock

Retrieved on: 
Wednesday, April 10, 2024
Form, Suite, Form S-1, Sale, Prospectus, ASTI, Ascent Solar, Security (finance)

In lieu of Shares, investors can purchase one prefunded warrant to purchase a Share.

Key Points: 
  • In lieu of Shares, investors can purchase one prefunded warrant to purchase a Share.
  • The prefunded warrants are immediately exercisable at a price of $0.0001 per Share and only expire when such prefunded warrants are fully exercised.
  • Dawson James Securities, Inc. is acting as the exclusive placement agent for the offering.
  • This offering is being made by the Company pursuant to a registration statement on Form S-1 (File No.

Residential Real Estate Technology Veteran Ray Thornton Joins RealFoundations’ Leadership Team

Retrieved on: 
Thursday, April 11, 2024
Commercial Building & Real Estate, Software, Construction & Property, Finance, Consulting, Professional Services, Technology, Residential Building & Real Estate, University, American City Business Journals, Management information system, Management consulting, Housing, Army National Guard, Signal corps, Samford University, MAA, Colonial Properties, NMHC, Multimedia, MBA, CIO, Enterprise, One11, Management

RealFoundations , the world’s foremost provider of consulting and managed services for the real estate industry, today announced that Ray Thornton has joined the firm’s leadership team as an Enterprise Managing Consultant, effective April 1, 2024.

Key Points: 
  • RealFoundations , the world’s foremost provider of consulting and managed services for the real estate industry, today announced that Ray Thornton has joined the firm’s leadership team as an Enterprise Managing Consultant, effective April 1, 2024.
  • Thornton brings 22 years of residential real estate experience and more than 30 years of technology experience with significant discipline in multifamily residential and retail operations, program management and technology strategy and advisory.
  • He has deep experience with solution design and configuration, data migration, and technology consolidation to maximize operational efficiency and improve performance.
  • To learn more about RealFoundations’ experience serving leaders in residential real estate, contact John Seaton at [email protected] or visit www.realfoundations.net .

Ascent Solar Technologies Achieves CIGS Technology Power Generation Milestones at Production Scale with Thin Film

Retrieved on: 
Monday, March 25, 2024
ASTI, Foot, CIGS, Renewable energy

THORNTON, Colo., March 25, 2024 (GLOBE NEWSWIRE) -- Ascent Solar Technologies, (Nasdaq: ASTI) (“ASTI” or the “Company”), the leading U.S. innovator in the design and manufacture of featherweight, flexible, and durable CIGS thin-film photovoltaic (PV) solutions, today announced that its thin film CIGS technology reached record power generation of 14 watts at production scale.

Key Points: 
  • THORNTON, Colo., March 25, 2024 (GLOBE NEWSWIRE) -- Ascent Solar Technologies, (Nasdaq: ASTI) (“ASTI” or the “Company”), the leading U.S. innovator in the design and manufacture of featherweight, flexible, and durable CIGS thin-film photovoltaic (PV) solutions, today announced that its thin film CIGS technology reached record power generation of 14 watts at production scale.
  • Since the installation of new leadership in April 2023, Ascent’s engineering and production teams have focused on improving their processes and chemical formulation, resulting in continuous increases in power generated from its innovative thin-film PV.
  • The first in a series of milestones was initially announced on September 5, 2023 , with subsequent improvements shared at regular intervals.
  • Using the Titan™ module to illustrate improvement, Ascent’s CIGS technology has steadily increased its power generation capabilities over the past seven months.

Ascent Solar Technologies Announces Substantial Debt Reduction and Plan for Full Payoff

Retrieved on: 
Thursday, March 21, 2024
ASTI, Ascent Solar

THORNTON, Colo., March 21, 2024 (GLOBE NEWSWIRE) -- Ascent Solar Technologies, Inc. (“Ascent,” or the “Company”) (Nasdaq: ASTI), a U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, today provided a corporate update on the Securities Purchase Contract with two institutional investors previously disclosed on December 19, 2022.

Key Points: 
  • THORNTON, Colo., March 21, 2024 (GLOBE NEWSWIRE) -- Ascent Solar Technologies, Inc. (“Ascent,” or the “Company”) (Nasdaq: ASTI), a U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, today provided a corporate update on the Securities Purchase Contract with two institutional investors previously disclosed on December 19, 2022.
  • Currently, one institutional investor’s notes payable and related liabilities have been completely paid out and the remaining investor has been substantially paid off with an approximate remaining notes payable balance of $6,700 and an approximate $200,000 of payables outstanding.
  • It is Ascent’s intention to pay all remaining balances with this institutional investor upon completion of the next equity raise.

Ascent Solar Technologies Announces Warrants Repurchase Agreements

Retrieved on: 
Thursday, March 14, 2024
ASTI, Warrant, Qualification, Ascent Solar, Exercise, Repurchase agreement, Security (finance)

Pursuant to the Purchase Contract, the Company issued to the investors certain common stock warrants (the “Warrants”).

Key Points: 
  • Pursuant to the Purchase Contract, the Company issued to the investors certain common stock warrants (the “Warrants”).
  • On March 6, 2024, and March 7, 2024, the Company entered into Warrant Repurchase agreements (the “Repurchase Agreements”) with each of the investors.
  • So long as the Repurchase Agreements are in effect, the investors have agreed not to directly or indirectly sell or assign the Warrants.
  • In the event of any termination of the Repurchase Agreements, the Warrants shall remain outstanding with all existing terms unchanged.

Ascent Solar Technologies Provides Corporate Update Detailing Customer Pipeline and Revenue Potential

Retrieved on: 
Friday, March 8, 2024
Acquisition, Ascent, ASTI, CIGS

THORNTON, Colo., March 08, 2024 (GLOBE NEWSWIRE) -- Ascent Solar Technologies , (Nasdaq: ASTI) (“Ascent'' or the “Company”), the leading U.S. innovator in the design and manufacture of featherweight, flexible, and durable CIGS thin-film photovoltaic (PV) solutions, today published a corporate update detailing its customer and revenue potential, as well as its strategy to meet growth opportunities in its two primary customer verticals of aerospace and agrivoltatics.

Key Points: 
  • THORNTON, Colo., March 08, 2024 (GLOBE NEWSWIRE) -- Ascent Solar Technologies , (Nasdaq: ASTI) (“Ascent'' or the “Company”), the leading U.S. innovator in the design and manufacture of featherweight, flexible, and durable CIGS thin-film photovoltaic (PV) solutions, today published a corporate update detailing its customer and revenue potential, as well as its strategy to meet growth opportunities in its two primary customer verticals of aerospace and agrivoltatics.
  • The published report can be found here .
  • Further, the Company anticipates 2025 revenue reaching $50 million to $80 million.
  • These figures are estimated based on current customer discussions and testing coupled with a rapidly growing market opportunity in aerospace and photovoltaics, and does not reflect revenue under contract.

Ascent Solar Technologies to Fly Space Solar Modules on NASA’s Upcoming LISA-T Mission

Retrieved on: 
Monday, February 26, 2024
Titan, PV, ASTI, Antenna, CIGS, NASA, Silicon, Government, Orbit, Ascent, Spacecraft, Marshall Space Flight Center, International Space Station, PTD, Science, CubeSat

The mission, led by NASA’s Space Technology Mission Directorate and the agency’s Marshall Space Flight Center in Huntsville, will demonstrate the capability to deploy large-area arrays on lightweight, low-cost and small spacecraft.

Key Points: 
  • The mission, led by NASA’s Space Technology Mission Directorate and the agency’s Marshall Space Flight Center in Huntsville, will demonstrate the capability to deploy large-area arrays on lightweight, low-cost and small spacecraft.
  • LISA-T is the fourth mission in NASA’s Pathfinder Technology Demonstrator (PTD) series of missions evaluating novel, small spacecraft capabilities on orbit.
  • “Selection for this upcoming space mission is the culmination of years of Ascent’s work with NASA to optimize the PV modules that enabled LISA-T’s ambitious spacecraft mass and power budgets to close,” said Paul Warley, CEO of Ascent Solar Technologies.
  • Additional Ascent modules with lower-cost and lighter-weight laminates are being evaluated on the upcoming MISSE payload slated to fly on SpaceX’s 30th Commercial Resupply Mission to the space station scheduled for March.