Ascent Solar Technologies, Inc. (ASTI) announced that it has closed a private placement of 1,025,643 shares of common stock and accompanying warrants on December 8 2025. The transaction generated approximately $2 million in gross proceeds, with the potential to raise an additional $3.5 million if the series A and short‑term series B warrants are exercised.
The company issued the shares at a price of $1.95 per share, with the warrants exercisable immediately at an exercise price of $1.70. The warrants are structured to provide the company with future capital flexibility while allowing investors to participate in ASTI’s growth. The proceeds are earmarked for general working‑capital needs, a critical use given the company’s ongoing cash‑flow challenges and “going‑concern” warning.
This financing event is a key development for ASTI, which has reported net losses and limited liquidity in recent periods. By securing additional capital, the company aims to support its operational momentum in niche markets such as space and defense, where it has been pursuing strategic partnerships. The private placement underscores ASTI’s need for continued funding to advance its specialized CIGS thin‑film photovoltaic technology and to sustain its production capabilities at its Thornton, Colorado facility.
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