DayStar Announces 64 Million Dollar Public Offering

by Staff Writers
Halfmoon NY (SPX) Oct 29, 2007
DayStar Technologies announced today the pricing of an underwritten public offering of 15,000,000 shares of common stock, all of which are being sold by the company at $4.25 per share before underwriting discounts and commissions. DayStar has granted the underwriters a 30-day option to purchase up to an additional 2,250,000 shares to cover any over-allotments.

DayStar plans to use the net proceeds from the offering for the repayment in full of $9.2 million of existing indebtedness for borrowed funds and to engineer to-scale and manufacture the company's proprietary deposition tool. The company intends to use the remaining net proceeds from the offering for the 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.

SOLAR DAILY

MEMC And Conergy Announce 8 Billion Dollar Solar Wafer Agreement

Hamburg, Germany (SPX) Oct 29, 2007
MEMC Electronic Materials and Conergy announced that they have executed a definitive agreement for MEMC to supply solar grade silicon wafers to Conergy. Under the terms of the definitive agreement, MEMC will supply solar wafers to Conergy over a 10-year period, with pre-determined pricing, on a take or pay basis beginning in the third quarter of 2008. Sales of the wafers over the 10-year period would generate between $7 billion and $8 billion in revenue for MEMC.

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