Ascent Solar Technologies Inc (ASTI)

[sweet crude]

ASTI calls in their class A warrants

Ascent Solar Technologies Announces Redemption of Class A Public Warrants
Thursday May 24, 6:00 am ET


LITTLETON, Colo.--(BUSINESS WIRE)--Ascent Solar Technologies, Inc. (NASDAQ:ASTI - News; BSX:ASTI) today announced plans to redeem its outstanding Class A public warrants (NASDAQ:ASTIW - News; BSX:ASTIW). Today, a notice of redemption has been mailed to all the warrant holders of record as of May 17, 2007. The redemption date is Monday, June 25, 2007, and any outstanding Class A public warrant that has not been exercised before that date will expire and will be redeemable by Ascent Solar for $0.25 per warrant.

Until the redemption date, the Class A public warrants are convertible into common stock at an exercise price of $6.60 per share. A total of 3,290,894 Class A public warrants were issued in connection with Ascent Solar's initial public offering and to certain bridge investors. To date, approximately 640,400 of these warrants have been exercised, yielding $4,226,600 in gross proceeds to the company. Conversion of all of the outstanding Class A public warrants would generate additional proceeds to the company of approximately $17,493,300, which the Company would use to accelerate the planning, engineering and development of a 100 megawatt (MW) manufacturing plant and for general corporate purposes.

http://biz.yahoo.com/bw/070524/20070524005158.html?.v=1