The plunging share price of Bright Station, the UK internet company, has put a last-ditch financing arrangement with Credit Suisse First Boston in jeopardy.

The company said that it has only £7.4m (€11.9m) of available cash recourses and unveiled a restructuring plan that included a cash injection of £2.5m from CSFB. The funds, which would be in the form of a convertible bond, were contingent on Bright Station maintaining a market capitalisation of at least £30m.