DayStar Technologies, Inc. (Nasdaq: DSTI), which is developing CIGS thin film solar technology, has priced its 15 million share public offering at $4.25 per share.
DayStar plans to use the proceeds to completely pay down its $9.2 million debt and to engineer to-scale and manufacture the company’s proprietary deposition tool. The remaining funds will go toward construction of a 25MW manufacturing line, working capital and other general corporate purposes.
ThinkEquity Partners LLC acted as bookrunning lead manager for the offering with Broadpoint Capital, Inc. acting as co-manager.
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