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21 May 2008


Ascent offering underwriters exercise over-allotment option

Ascent Solar Technologies Inc of Littleton, CO, USA, which develops copper indium gallium diselenide (CIGS) thin-film photovoltaic materials and modules, says that the underwriters of its public offering (of 3,800,000 shares of common stock) have exercised their over-allotment option to purchase an additional 570,000 shares.

On 15 May, Ascent Solar announced the pricing of the public offering at $14 per share (to raise about $53m). The over-allotment option should raise a further $8m (before deducting underwriting discounts and commissions).

A copy of the final prospectus can be obtained from J.P. Morgan Securities Inc, which is serving as managing lead underwriter of the offering.

See related items:

Ascent Solar and Icopal cooperating on building-integrated PVs

Ascent to integrate CIGS PVs into roofing membranes for European market

Hydro raises stake in Ascent to 35%

Ascent’s 1.5MW PV production line enters operation

Ascent awarded second phase of tandem solar cell program

Ascent Solar to raise $80m in public offering

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