Ascent offered the shares – which ended trading at $1.68 on 19 September – for $1.20 each, with the offering expected to close on 25 September.
Ascent shares fell as low as $1.17 on 20 September before ending the day at $1.20.
Many industry observers will see the share offering as a desperate grab for cash by Ascent, which is among the many thin-film PV players once seen as immensely promising, but whose prospects have been severely challenged by the falling price of crystalline silicon (c-Si).
It
