logo
Share SHARE
FONT-SIZE Plus   Neg

DayStar Tech Board Okays Acquisition Of 20% Equity Ownership In Premier Global

DayStar Technologies Inc. (DSTI) said Wednesday its board has approved the acquisition of a 20% equity ownership in BC-based Premier Global Holdings Corporation, which has successfully demonstrated solar cells that are the first to combine energy generation and power storage in one cell.

DayStar is to issue $12 million in preferred stock in return for the 20% equity ownership position in privately held Premier. The preferred can be converted to common stock at $1.60 per share, and will pay an in-kind dividend of 5% per annum.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
News Corp. (NWS, NWSA) on Thursday posted a loss for the third quarter, hurt largely by lower advertising revenue at news and information segment and a stronger dollar, partly offset by growth in the digital real estate business. The New York-based media company reported a third-quarter loss of $149... Action-sports camera maker GoPro Inc. (GPRO), Thursday posted a loss for the first quarter, as revenues nearly halved and margins dropped sharply reflecting weak demand for its wearable cameras. Loss for the quarter were higher than what Wall Street analysts estimated, but revenues trumped expectations. San... Activision Blizzard Inc. (ATVI) on Thursday reported a drop in profit for the first quarter, hurt by charges related to acquisition of King Digital Entertainment. Nevertheless, the video game publisher's profit and revenues trumped Wall Street estimates. Moving ahead, the company detailed a strong...
comments powered by Disqus
Follow RTT