Overunity.com Archives is Temporarily on Read Mode Only!



Free Energy will change the World - Free Energy will stop Climate Change - Free Energy will give us hope
and we will not surrender until free energy will be enabled all over the world, to power planes, cars, ships and trains.
Free energy will help the poor to become independent of needing expensive fuels.
So all in all Free energy will bring far more peace to the world than any other invention has already brought to the world.
Those beautiful words were written by Stefan Hartmann/Owner/Admin at overunity.com
Unfortunately now, Stefan Hartmann is very ill and He needs our help
Stefan wanted that I have all these massive data to get it back online
even being as ill as Stefan is, he transferred all databases and folders
that without his help, this Forum Archives would have never been published here
so, please, as the Webmaster and Creator of these Archives, I am asking that you help him
by making a donation on the Paypal Button above.
You can visit us or register at my main site at:
Overunity Machines Forum



Ascent Solar raises funds to keep going

Started by jingwei3344, November 11, 2015, 09:45:34 PM

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.

Print
Go Down Pages1
User actions

jingwei3344

November 11, 2015, 09:45:34 PM
Loss-making flexible CIGS thin-film producer Ascent Solar Technologies has raised new financing from a private investor to support repayment of its outstanding senior secured notes.

Ascent Solar said it had secured US$2.8 million in funding from the issue of three purchase agreements of its 'E' series stock.

Victor Lee, president and CEO of Ascent Solar Technologies, said: "We are extremely satisfied to have secured this new investment. The new funding will not only provide us with ongoing working capital but also will be an important part of our ongoing restructuring exercise of our outstanding senior secured notes which we announced in September and October of 2015. The new investment structure aims to provide more transparency to investors, as well as to give the company more flexibility to manage our cash flow requirements without being restricted by a long-term debt structure and associated covenants."

Ascent Solar previously reported revenue for the first six months of 2015 of US$2.2 million and losses of US$29.1 million, while cash and cash equivalents stood at US$232,304.

The NASDAQ listed company has had its shares trade well below the US$1.0 level for more than six months and has been warned of being delisted from the exchange.
Print
Go Up Pages1
User actions