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
Facebook founder and CEO Mark Zuckerberg said he is not running for public office, amid rising speculation that his plans for traveling the U.S. indicated he is gearing up for a future presidential run. Ford Motor Co. (F) announced the replacement of President and CEO Mark Fields with Jim Hackett, who heads its automotive vehicle subsidiary. The company said, Fields, who served Ford for the last 28 years, opted to retire. Hong Kong flag carrier Cathay Pacific Airways Limited announced Monday around 600 job cuts in its head office, reportedly its biggest headcount reduction in almost twenty years. Cathay Pacific will cut around 25 percent of management roles and 18 percent of non-managerial positions at its headquarters.
comments powered by Disqus
Follow RTT