Ascent Solar (NASDAQ:ASTI) has sold 1M restricted shares of common stock to existing investor TFG Radiant at $1.00 apiece ($0.06 above Friday's close). TFG now owns a 17% stake.
Ascent had $3.3M in cash and $28M in restricted cash at the end of 2014. Long-term debt totaled $1.2M and convertible note obligations $6M. In February, the company sold $2.5M worth of convertible preferred stock + warrants to buy up to 541K shares.
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