Ascent Solar Gets $10M IN PIPE
Thornton, Colorado-based Ascent Solar Technologies, the developer of thin-film solar panels and associated electronics accessories, reported this morning that it has raised $10M in a registered direct offering. The funding came from Ironridge Technology Co. According to the company, the private investment is split between a $5M tranche due this week, and a $5M tranche to close later in 2013 or the early part of 2014. The company said the funding will go towards continued operations and expansion of its retail channels.
posted on Wednesday, October 30, 2013
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