DayStar Technologies (Nasdaq: DSTI) has filed with the SEC to offer 15 million shares of stock. DayStar is develops, manufactures, and markets photovoltaic (PV) products based upon CIGS thin film semiconductor technology.
The company plans to use the proceeds to repay $9.2 million in debt, engineer to-scale and manufacture the company’s proprietary deposition tool. It will use the remainder to build a 25MW manufacturing line.
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