Ascent Photo voltaic Applied sciences, Inc. ASTI shares are buying and selling decrease by 61% to $2.14 Thursday morning after the corporate introduced pricing of a public providing of items.
Ascent Photo voltaic Applied sciences launched a “finest efforts” public providing of three,572,635 items at $2.88 per unit. Every unit consists of both one share of frequent inventory or a prefunded warrant to buy a share of frequent inventory, together with a typical warrant to buy a share of frequent inventory.
The prefunded warrants will be exercised instantly at a really low worth and haven’t any expiration till totally exercised, whereas the frequent warrants will be exercised instantly at $2.88 per share and can expire 5 years from the date of issuance.
In keeping with knowledge from Benzinga Professional, ASTI has a 52-week excessive of $1,494.00 and a 52-week low of $2.00.
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