Ascent Solar Technologies shares are trading lower after the company announced pricing of a $6 million public offering of shares at $0.14 per share.
Portfolio Pulse from Benzinga Newsdesk
Ascent Solar Technologies announced a $6 million public offering priced at $0.14 per share, leading to a decrease in its share price.
April 10, 2024 | 1:06 pm
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Ascent Solar Technologies' share price has decreased following the announcement of a $6 million public offering at $0.14 per share.
The announcement of a public offering at a price lower than the current market price typically leads to a decrease in share price due to dilution of equity and the perception of the offering being a discount to the market. This is likely the reason for the decrease in ASTI's share price.
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