Ascent Solar Technologies Prices $6M Public Offering Of Shares At $0.14/Share
Portfolio Pulse from Benzinga Newsdesk
Ascent Solar Technologies has announced the pricing of a $6 million public offering of its shares at $0.14 per share. This move is aimed at raising capital for the company.
April 10, 2024 | 12:51 pm
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Ascent Solar Technologies is raising $6 million through a public offering of its shares priced at $0.14 each.
The pricing of the public offering at $0.14 per share is a significant move for Ascent Solar Technologies to raise capital. While this could dilute current shareholders' value, it also provides the company with necessary funds for operations or expansion. The impact on the stock price could be neutral in the short term as the benefits of increased capital might offset the dilution effect.
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