Brief: Ascent Solar secures new equity investment of up to $35.0 million, expects to fully repay existing senior secured convertible note by January 2016

Ascent Solar Technologies

11/11/2015 11:00

Nov 11 (Reuters) - Ascent Solar Technologies Inc  ASTI.O : 
 * Secures new equity investment of up to $35.0 million, expects to fully repay 
   existing senior secured convertible note by January 2016 
 * Pursuant to agreements,co will issue up to $2.8 million of amount of 
   designated series e 7% convertible preferred stock 
 * New funding will form part of repayment source for the company to repay the 
   remaining cash obligation of $2.8 million 
 
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