Market Overview

DayStar Technologies Receives $1M Commitment From Radiant Offshore Fund and Radiant Performance Fund


DayStar Technologies (NASDAQ: DSTI) announced an offer for investment of one million dollars from the Radiant group of funds. Additionally, DayStar has agreed to acquire the debt owed to Radiant by Salamon Group, Inc., in exchange for a class of non-trading preferred shares.

Mr. Mark Roseborough, President of DayStar, stated, "Radiant's infusion of capital continues to show our shareholders the recognizable strength of the DayStar business model. This investment serves to enhance our working capital as we enter the next phase of our business expansion."

Mr. Glen Gibbons, CEO of Radiant, was quoted saying, "We are pleased with the opportunity DayStar has afforded us, and look forward to supporting the Company and the board, as they move forward with the implementation of their global renewable energy strategies."

Posted-In: News Financing


Related Articles (DSTI)

View Comments and Join the Discussion!

What's Wrong with Apple?

CIT Serves as Lead Arranger and Administrative Agent in $75 Million Financing to Homecare Homebase