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Stock began trading on a split adjusted basis on May 12, 2010
May 12, 2010
By: DAVID SAVASTANO
DayStar Technologies, Inc., a developer of solar photovoltaic products based on CIGS thin-film deposition technology, announced information regarding its reverse stock split. The company previously announced that its Board of Directors has approved a 1-for-9 reverse split of its common stock, pursuant to previously obtained stockholder authorization at its 2009 annual meeting held on April 23, 2010. The reverse stock split was effective at 6 p.m., Eastern Time, on May 11, 2010. DayStar’s common stock began trading on NASDAQ on a split adjusted basis when the market opens on May 12, 2010, under the temporary trading symbol DSTID. The trading symbol will revert to DSTI after approximately 20 trading days. DayStar will not issue fractional shares as a result of the reverse stock split. Any fractional shares will be rounded up to the next whole number.
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