ASTI News & Events

Ascent Solar Technologies announced that its previously delivered solar blankets have been successfully integrated into NOVI's Pathfinder spacecraft, scheduled to fly on a SpaceX Falcon 9 Transporter launch no earlier than March 29th. "Our partnership with NOVI has evolved quickly over the last year. In large part due to our rapid manufacturing capabilities in a domestic facility, enabling Ascent to quickly supply product to customers looking for immediate solutions," said Paul Warley, CEO of Ascent Solar Technologies. "Through this partnership with NOVI, we're achieving lower costs on faster timelines, driving major reductions in mass and volume compared to traditional silicon solar arrays. Our solutions are also more durable and sustainable, which reduces space debris risks while improving efficiency for spacecraft operators."

Ascent Solar Technologies announced its plans to continue development of distributed power receiving products in 2026 to account for growing demand for space-based energy beaming technologies. hese development efforts include both internally funded research and development as well as continued Collaborative Agreement Notice program work with the NASA Marshall Spaceflight Center and Glenn Research Center, which is on schedule to successfully conclude this spring. The Company plans to present the results of these development programs at select space industry conferences to be announced later this year. These solar module technology advancements are uniquely enabled by Ascent's in-house manufacturing capabilities at its 5-MW production facility in Thornton, Colorado. The facility allows for the company's commercial-off-the-shelf CIGS PV products to be further optimized in order to be able to receive both sunlight in addition to more distributed power from a number of transmission sources and providers such as Star Catcher Industries. The Company further plans for continued technology progression through partnerships like that with Cislunar Industries that stand to effectively enable spacecraft to generate and utilize multiple times more power with a solar array of any given size.

Ascent Solar files to sell 4.82M shares of common stock for holders

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.