Color Star Technology Enters Private Placement Agreement
Ticker: ZNB · Form: 6-K · Filed: Aug 23, 2024 · CIK: 1747661
| Field | Detail |
|---|---|
| Company | Color Star Technology Co., Ltd. (ZNB) |
| Form Type | 6-K |
| Filed Date | Aug 23, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.04, $0.4, $940,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: private-placement, securities-agreement, company-update
TL;DR
Color Star Tech just did a private placement deal. Might mean more cash for them.
AI Summary
On August 22, 2024, Color Star Technology Co., Ltd. entered into a securities purchase agreement for a private placement. The company, formerly known as Huitao Technology Co., Ltd., is based in New York and operates in educational services.
Why It Matters
This private placement could provide Color Star Technology with additional capital, potentially impacting its future operations and growth strategies.
Risk Assessment
Risk Level: medium — Private placements can be complex and may involve risks related to dilution and the terms of the agreement.
Key Players & Entities
- Color Star Technology Co., Ltd. (company) — Registrant
- August 22, 2024 (date) — Date of securities purchase agreement
- Huitao Technology Co., Ltd. (company) — Former company name
- 80 Broad Street, 5th Floor New York, NY 10007 (location) — Principal executive office address
FAQ
What is the purpose of the securities purchase agreement?
The filing indicates that the company entered into a securities purchase agreement on August 22, 2024, but the specific purpose or terms are not detailed in the provided text.
What is Color Star Technology Co., Ltd.'s primary business?
Color Star Technology Co., Ltd. is classified under the Standard Industrial Classification code 8200, which corresponds to Services-Educational Services.
When did the company change its name from Huitao Technology Co., Ltd.?
The company's name was changed from Huitao Technology Co., Ltd. on July 17, 2019.
Where are Color Star Technology's principal executive offices located?
The principal executive offices of Color Star Technology Co., Ltd. are located at 80 Broad Street, 5th Floor, New York, NY 10007.
Does Color Star Technology file annual reports under Form 20-F or 40-F?
Color Star Technology indicates it files annual reports under cover of Form 20-F.
Filing Stats: 396 words · 2 min read · ~1 pages · Grade level 10.9 · Accepted 2024-08-23 16:05:02
Key Financial Figures
- $0.04 — (the “ Shares ”), par value $0.04 per share, at a per share purchase pric
- $0.4 — share, at a per share purchase price of $0.4 (the “ Offering ”). The gro
- $940,000 — rom this Offering will be approximately $940,000. The parties to the SPA have each made
Filing Documents
- ea0212279-6k_colorstar.htm (6-K) — 12KB
- ea021227901ex99-1_colorstar.htm (EX-99.1) — 172KB
- 0001213900-24-072209.txt ( ) — 185KB
SIGNATURES
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, thereunto duly authorized. Dated: August 23, 2024 COLOR STAR TECHNOLOGY CO., LTD. By: /s/ Louis Luo Name: Louis Luo Title: Chief Executive Officer 2