Ascent Solar To Offer IPO at $14

LITTLETON, Colo.--(BUSINESS WIRE)--Ascent Solar Technologies, Inc. (NASDAQ:ASTI) today announced the pricing of a public offering of 3,800,000 shares of its common stock for $14.00 per share, before deducting underwriting discounts and commissions, pursuant to a previously filed registration statement that was declared effective by the Securities and Exchange Commission on May 15, 2008. Ascent Solar intends to use the net proceeds from the offering for the design, purchase, installation, qualification and testing of production tools for approximately 30 MW of rated capacity for the production of thin-film photovoltaic modules, and for general corporate purposes.