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DSTI > SEC Filings for DSTI > Form 8-K on 30-Nov-2012All Recent SEC Filings

Show all filings for DAYSTAR TECHNOLOGIES INC | Request a Trial to NEW EDGAR Online Pro



Termination of a Material Definitive Agreement, Financial Statements and

Item 1.02 Termination of Material Definitive Agreement.

On November 19, 2012, DayStar Technologies, Inc. (the "Company") announced that it has terminated the debt swap Agreement ("Agreement"), previously disclosed in the Company's report on Form 8-K filed on September 5, 2012.The Agreement contemplated the purchase by DayStar from Michael Matvieshen of a $15 million secured convertible debenture issued by Salamon in exchange for the issue by DayStar to Michael Matvieshen. The Agreement was terminated by mutual consent of all parties of the agreement.

The full text of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(c) Exhibits.

Exhibit No. Description

              Press Release issued by
            Daystar Technologies Inc.
  99.1      dated November 19, 2012,
            regarding the termination
            of the Agreement.

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