Ascent Solar Technologies Announces Launch Of Its Best Efforts Public Offering Of 3,572,635 Units At $2.88 Per Unit
Portfolio Pulse from Benzinga Newsdesk
Ascent Solar Technologies has announced the launch of its best efforts public offering of 3,572,635 units at $2.88 per unit.
September 28, 2023 | 12:37 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Ascent Solar Technologies is launching a public offering of 3,572,635 units at $2.88 per unit, which could potentially dilute existing shares.
The announcement of a public offering often leads to a short-term decrease in the stock price due to potential dilution of existing shares. Investors may sell off their shares in anticipation of this dilution, leading to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100