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Ascent Solar Reports Over 99% of Class A Public Warrants Exercised.


LITTLETON Littleton, city (1990 pop. 33,685), seat of Arapahoe co., N central Colo.; platted 1812, inc. 1890. It is a suburb south of Denver in an irrigated farm area. , Colo. -- Ascent Solar Technologies, Inc. today announced that its securities transfer agent, Computershare Founded in Australia in 1978, Computershare (ASX: CPU) has grown (largely through overseas acquisitions) to become the world's largest share registry business.

The company now has a presence in:
  • Australia
  • the UK
  • Ireland
  • the US
  • Canada
 Trust Company, Inc., had reported to the company on June 22, 2007 that a total of 3,278,299 or 99.6% of the outstanding Class A public warrants had been presented for conversion into one share of the company's common stock over the course of the warrant exercise period. The company anticipates a total receipt of approximately $ 21.6 million in proceeds from those warrant holders who elected to exercise their Class A pubic pubic /pu·bic/ (pu´bik) pertaining to or situated near the pubes, the pubic bone, or the pubic region.

pu·bic
adj.
1.
 warrants.

On May 24, 2007 Ascent Solar announced its notice of redemption of all outstanding Class A public warrants. Each Class A public warrant was convertible into a single share of the company's common stock for a price of $6.60. Any outstanding Class A public warrants that were not exercised by June 22, 2007 will now be redeemed re·deem  
tr.v. re·deemed, re·deem·ing, re·deems
1. To recover ownership of by paying a specified sum.

2. To pay off (a promissory note, for example).

3.
 by the company for a price of $ 0.25 each.

About Ascent Solar Technologies:

Ascent Solar Technologies, Inc. is a developer of state-of-the-art, thin-film photovoltaic modules In the field of photovoltaics, a photovoltaic module is a packaged interconnected assembly of photovoltaic cells, also known as solar cells. An installation of photovoltaic modules or panels is known as a photovoltaic array.  and is located in Littleton, Colorado The City of Littleton is a home rule municipality located in the Denver Metropolitan Area of the State of Colorado. As of 2005, the city is estimated to have a total population of 40,396.[1] Littleton is the 17th most populous city in the State of Colorado. . Please visit our website for additional information at www.ascentsolar.com.

Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expresses or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with Securities and Exchange Commission.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jun 25, 2007
Words:316
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