Ascent Solar to Raise $32 Million Offering Convertible Notes
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Ascent Solar Technologies Inc., a maker of solar-powered phone chargers and backpacks, agreed to sell $32 million of convertible debt.
Ascent expects the transaction to close July 25 and will immediately receive $7 million, with the balance disbursed in installments over the following 18 months, the Thornton, Colorado-based company said today in a statement.