Brief: Tubesolar To Buy Stake In Ascent Solar Technologies

Tubesolar AG

04/01/2021 12:11

Jan 4 (Reuters) - TUBESOLAR AG  9TS.F :
    * PLANNED ACQUISITION OF STAKE IN US COMPANY ASCENT SOLAR
TECHNOLOGIES, INC. SECURES LONG-TERM ACCESS TO SOLAR THIN FILM
TECHNOLOGY
    * FOR INTENDED INVESTMENT OF 2.5 MILLION US DOLLARS
TUBESOLAR AG
WILL RECEIVE ASCENTSOLAR SHARES AT A PRICE OF 0.0001 US DOLLARS
PER SHARE
    * TAKING INTO ACCOUNT OUTSTANDING CAPITAL ADJUSTMENTS,
TUBESOLAR
AG WOULD IN FUTURE HOLD APPROXIMATELY 15 PERCENT OF SHARE
CAPITAL OF ASCENT SOLAR TECHNOLOGIES, INC.
    * INVESTMENT IS TO BE FINANCED FROM EXISTING LIQUID FUNDS

Source text for Eikon:  ID:nEQ6LmpxNa 
Further company coverage:  9TS.F 

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