Solar Thin Films, Inc. - Current report filing (8-K)
03 Abril 2008 - 3:43PM
Edgar (US Regulatory)
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): February 13, 2008
SOLAR
THIN FILMS, INC.
(Exact
name of registrant as specified in its charter)
|
Delaware
|
000-19404
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95-4359228
|
|
(State
of Other Jurisdiction of Incorporation)
|
(Commission
File Number)
|
IRS
Employer Identification Number)
|
25
Highland Blvd., Dix Hills, New York 11746
(Address
of principal executive offices)
(516)
417-8454
(Registrant's
telephone number, including area code)
Copies
to:
Richard
A. Friedman, Esq.
Sichenzia
Ross Friedman Ference LLP
61
Broadway
New
York,
New York 10006
Phone:
(212) 930-9700
Fax:
(212) 930-9725
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 (see General Instruction A.2. below):
[
]
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))
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ITEM
2.01
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COMPLETION
OF ACQUISITION OR DISPOSITION OF
ASSETS
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On
February 13, 2008, Solar Thin Films, Inc. (the “Company”) completed the
acquisition of a 5% equity interest in CG Solar in exchange for $500,000. Such
equity interest was acquired pursuant to the Assignment and Assumption of Joint
Venture Contract with Renewable Energy Solutions, Inc. (the “5% Agreement”) as
previously reported on the Company’s Current Report on Form 8-K as filed with
the Securities and Exchange Commission on February 25, 2008.
On
March
31, 2008, the Company completed the acquisition of an additional 10% equity
interest in the CG Solar in exchange for $1,000,000. Such equity interest was
acquired pursuant to the Agreement for the Plan and Sale of Equity Interest
with
Terra Solar (the “10% Agreement”) as previously reported on the Company’s
Current Report on Form 8-K as filed with the Securities and Exchange Commission
on February 25, 2008.
The
Company now holds a 15% aggregate equity interest in CG Solar. CG Solar
(previously the Weihai BlueStar Photovoltaic Co. Ltd.) is an amorphous silicon
module manufacturing company based in Weihai, China. The company produces both
standard amorphous silicon modules and building integrated modules for sale
in
China and for export internationally. The company’s shareholders include Blue
Star Glass Company - a Chinese glass manufacturer, China Xingyes - a Chinese
curtain wall company, and Solar Thin Films. A copy of the press release
announcing the acquisition is attached hereto as Exhibit 99.1.
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ITEM
9.01
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FINANCIAL
STATEMENTS AND EXHIBITS
|
(a)
Financial Statements of Business Acquired.
Not
Applicable
(b)
Pro
Forma Financial Information
Not
Applicable
(c)
Exhibits
99.1
Press
Release of Solar Thin Films, Inc. dated April 3, 2008
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.
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SOLAR
THIN FILMS, INC.
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|
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Dated:
April 3, 2008
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/s/
Peter
Lewis
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Name:
Peter Lewis
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|
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Title:
Chief Executive Officer
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Silverton Energy (PK) (USOTC:SLTN)
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