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DayStar Technologies in Lock-Up Agreement for Acquisition of 7 Solar Projects in Greece - Shares Up 1%

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DayStar Technologies Inc. ( DSTI ) has entered into a lock-up agreement to acquire seven solar projects from Arxikon Construction Company in Greece.

Electricity revenues from the projects are through long-term feed in tariff contracts and will cash flow approximately $75 million Euros over 20 years. This lock-up agreement allows DSTI 200 days to complete its due diligence, regulatory approvals and financing.

DSTI is up 0.76% to $1.60, trading in a 52-week range of $0.90 - $3.43. Shares have fallen 4% in the last 12 months.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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