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Ascent Solar raises $225,000 from note issuance

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Ascent Solar raises $225,000 from note issuance

Ascent Solar Technologies Inc. received $225,000 in gross proceeds from issuing an unsecured non-convertible promissory note to St. George Investments LLC on Dec. 31.

The $300,000 promissory note matures June 30, according to a Jan. 3 filing. The note bears annual interest at 12%, which increases to 18% in the event of default.