DayStar Technologies (DSTI) Finds A Cash Infusion, Issues Investors Note/Warrant

Posted by | # |
08:20:48 am on July 29, 2010

DayStar Technologies (DSTI) is just trying to stay alive and still in desperation mode it would appear.  The company announced it has entered into Purchase Agreements with investors who have loaned the company cash to fund ongoing research and operations.  In exchange for the loans, the company issued each investor a secured convertible promissory note and a warrant to purchase shares of the common stock at an exercise price of 1.25/share.  The notes are convertible into shares of common stock based on a conversion price of .90 and carry an interest rate of 10% per year.

====> Click Here For Your FREE Daystar Technologies Technical Analysis

After a torrid run in recent days off the news it’s looking to manufacture offshore, shares of DSTI are down nearly 20% in pre-market trading.

Tags: ,
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.


No comments yet.

Leave a comment