Ascent Solar Signs Agreement to Sell 1,818,182 Shares

Ascent Solar Technologies entered into definitive agreements for the purchase and sale of an aggregate of 1,818,182 shares of common stock, series A warrants to purchase up to 1,818,182 shares of common stock and short-term series B warrants to purchase up to 909,091 shares of common stock at a purchase price of $5.50 per share of common stock and accompanying warrants in a private placement priced at-the-market under Nasdaq rules. The series A warrants and the short-term series B warrants will have an exercise price of $5.50 and will be exercisable immediately upon issuance. The series A warrants will expire five years from the effective date of the Resale Registration Statement and the short-term series B warrants will expire eighteen months from the effective date of the Resale Registration Statement. The private placement is expected to close on or about January 26, subject to the satisfaction of customary closing conditions. H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering. The gross proceeds from the offering are expected to be approximately $10M, prior to deducting placement agent's fees and other offering expenses payable by the Company. The potential additional gross proceeds to the Company from the series A warrants and the short-term series B warrants, if fully exercised on a cash basis, will be approximately $15M.