Monday, November 17, 2014

Ascent Solar Finds $35M More In PIPE

Thornton, Colorado-based thin film solar company Ascent Solar said Monday morning that it has inked a deal to raised $35M more from a single, institutional investor. Name of that investor was not announced. Publicly held Ascent Solar said the agreement includes $32M in senior secured convertible notes plus a $3M Series D convertible preferred stock, plus warrants. Ascent makes thin film, photovoltaic modules, and recently has been focused on using those modules in a line of consumer products.