Attached files
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EX-99.2 - LETTER, DATED MAY 4, 2011 - DAYSTAR TECHNOLOGIES INC | dex992.htm |
EX-99.1 - LETTER, DATED APRIL 29, 2011 - DAYSTAR TECHNOLOGIES INC | dex991.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April 29, 2011
DayStar Technologies, Inc.
(Exact Name of Registrant as Specified in Charter)
Delaware | 001-34052 | 84-1390053 | ||
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
1010 South Milpitas Boulevard
Milpitas, California 95035
(Address of Principal Executive Offices) (Zip Code)
(408) 582-7100
(Registrants telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 3.01 | Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. |
On April 29, 2011, DayStar Technologies, Inc. (the Company) received a letter from the Nasdaq Stock Market (the Notice) notifying the Company that for 30 consecutive trading days the bid price of the Companys common stock had closed below the $1.00 per share minimum required for continued inclusion on the Nasdaq Capital Market pursuant to Nasdaq Marketplace Rule 5550(a)(2). The Notice also stated that the Company has been provided 180 calendar days, or until October 26, 2011, to regain compliance. To do so, the bid price of the Companys common stock must close at or above $1.00 per share for a minimum of ten consecutive trading days prior to October 26, 2011. A copy of the Notice is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Also, on May 4, 2011, the Company received a letter from the Nasdaq Stock Market (the Compliance Letter) notifying the Company that, based on the reported stockholders equity of $3,251,895 as of December 31, 2010, the Company is now in compliance with the Continued Listing Standard for Primary Equity Securities set forth in Listing Rule 5550(b) (the Shareholder Equity Rule). However, the Nasdaq Staff noted that if the Company fails to evidence compliance upon filing of its periodic reports for the quarters ending March 31, 2011 and June 30, 2011, respectively, it may be subject to delisting.
Item 9.01
Exhibit Number |
Description | |
99.1 | Letter, dated April 29, 2011, from the Nasdaq Stock Market to the Company | |
99.2 | Letter, dated May 4, 2011, from the Nasdaq Stock Market to the Company |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
DAYSTAR TECHNOLOGIES, INC. | ||||||
Date: May 5, 2011 | By | /s/ Christopher T. Lail | ||||
Christopher T. Lail | ||||||
Chief Financial Officer |
Exhibit Index
Exhibit |
Description | |
99.1 | Letter, dated April 29, 2011, from the Nasdaq Stock Market to the Company | |
99.2 | Letter, dated May 4, 2011, from the Nasdaq Stock Market to the Company |