Thin-film maker Ascent Solar gets Nasdaq listing approval
- Thin-film manufacturer Ascent Solar has obtained approval to be detailed on the Nasdaq Capital Market at the free market on Wednesday 24 August 2022.
The listing was pending on the Colorado-based supplier shutting a US$ 5 million personal positioning pursuant to a safety and securities purchase contract.
The firm will return to the Nasdaq listing, greater than 6 years after it was de-listed, when its stock was transferred to the OTC market in February 2016.
Both the capital investment and the Nasdaq listing will place the business to boost its manufacturing capabilities in order to meet the enhanced need for its items, according to the head of state and CEO of Ascent Solar, Victor Lee.
After being dormant for a lot of 2020 due to the influences of COVID-19 and also limited financial resources, the thin-film maker started restoring and increase operations during the second fifty percent of 2020, claimed Lee.
"Since October 2020, the Ascent team has actually reconstituted and shown wonderful resiliency in ramping up manufacturing. The firm is now totally operational as well as stands ready to build on the stamina of what we have achieved in 2021 and also the very first half of 2022, both monetarily as well as operationally," added Lee.