11:22 AM EDT, 03/14/2024 (MT Newswires) -- Ascent Solar Technologies ( ASTI ) said Thursday it signed warrant repurchase agreements on March 6 and March 7 with two institutional investors.

Under the deals, if Ascent closes a capital-raising deal with gross proceeds of more than $5 million, it will buy back the warrants from the investors for an aggregate price of $3.6 million, the company said.

While the agreements are in place the investors will not sell or assign their warrants, the company said, adding the investors have the right to exercise the warrants at $1.765 per share.