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
Packaged food producer ConAgra Brands Inc. reported Thursday higher net profit in its fourth quarter with margin strength. Net sales, meanwhile, declined from last year on weak volume. Looking ahead, for fiscal 2018, the company projects higher adjusted earnings and lower to flat sales. The company also reiterated its three-year fiscal 2020 financial algorithm. Best Buy announced Wednesday its plans to introduce Amazon Alexa and Google Home experiences to its 700 locations across the U.S. starting next month as part of its strategy of pushing smart home technology. A nationwide rollout will be complete by the end of the year. The electronics retailer will expand space at selected stores to better showcase how Amazon's Echo and Google Home interact.. So far this year, 23 novel drugs have already received FDA approval. Now let's take a look at the biotech stocks waiting to hear from the FDA in July.
comments powered by Disqus
Follow RTT