Faegre & Benson recently served as legal counsel to Ascent Solar Technologies, Inc. (NASDAQ: ASTI) in its secondary public offering of 5.25 million shares of common stock at a price of $4.15 per share.
The Faegre & Benson team was led by Jim Carroll, a partner in the firm's corporate and securities practices in Boulder and Denver.
Ascent Solar received net proceeds, after offering expenses and underwriting discounts and commissions, of approximately $20.25 million. Ascent Solar expects to use the net proceeds from the offering for the completion of its FAB2 production plant and for general corporate purposes.
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules with substrate materials that are more flexible and lighter weight than most traditional solar panels.