20 September 2012

Ascent Solar announces public offering

Ascent Solar Technologies Inc of Thornton, CO, USA, which manufactures lightweight thin-film photovoltaic modules based on copper indium gallium diselenide (CIGS) using flexible substrate materials, has announced a public offering of 9,166,700 shares of its common stock, priced at $1.20 per share.

Gross proceeds are expected to be about $11m, prior to deducting the underwriting discount and estimated offering expenses. Ascent has granted the underwriter a 45-day option to purchase up to 1,375,005 additional shares (at the public offering price) to cover over-allotments, if any. The offering is expected to settle and close on or about 25 September, subject to customary closing conditions.

Ascent intends to use the net proceeds from the offering for general corporate purposes, including working capital, operations and other general corporate purposes.

The offering is being made pursuant to a shelf registration statement filed with the US Securities and Exchange Commission (SEC). A prospectus supplement relating will also be filed. When available, copies of the prospectus supplement and the accompanying prospectus can be obtained from sole book-running manager Aegis Capital Corp., Prospectus Department, 810 Seventh Avenue, 18th Floor, New York, NY 10019, USA (Tel: 212-813-1010 or e-mail: prospectus@aegiscap.com).

Tags: Ascent Solar CIGS

Visit: www.sec.gov

Visit: www.ascentsolar.com

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