Ascent did not release financial terms of the transaction. WestPark, based in Los Angeles, acted as sole placement agent.
Ascent will use proceeds for continuing operations and expansion of its retail channels for its EnerPlex product line in the US, Asia and Europe.
Plans also call for expansion of EnerPlex beyond consumer electronics for portable power and off-grid solutions in sectors such as automotive, building materials, commercial transportation and space.
The
