Ascent Solar Announces Closing of Public Offering of Common Stock

Date Announced: 25 Sep 2012

Company raises $10.1 million in follow-up offering.

THORNTON, Colo.--(BUSINESS WIRE)--Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of state-of-the-art, flexible thin-film photovoltaic modules, announced today that it has closed its previously announced underwritten public offering of 9,166,700 shares of its common stock at a price of $1.20 per share.

Ascent received net proceeds, after deducting the underwriting discount and estimated offering expenses, of approximately $10.1 million. Ascent has also granted the underwriters a 45-day option to purchase up to an additional 1,375,005 shares of common stock to cover over-allotments, if any.

Ascent intends to use the net proceeds from this offering for working capital and for general corporate purposes.

Aegis Capital Corp. acted as the sole book-running manager for this offering.

A shelf registration statement on Form S-3 and accompanying base prospectus relating to the shares was filed with the Securities and Exchange Commission and is effective. Copies of the final prospectus supplement relating to the offering may be obtained from the offices of Aegis Capital Corp., Prospectus Department, 810 Seventh Avenue, 18th Floor, New York, NY, 10019, telephone: 212-813-1010 or email: prospectus@aegiscap.com, or from the SEC’s website at http://www.sec.gov.

Source: Ascent Solar

Contact

E-mail: ir@ascentsolar.com

Web Site: www.ascentsolar.com