Color Star Technology Enters Material Agreement
Ticker: ZNB · Form: 6-K · Filed: Nov 26, 2024 · CIK: 1747661
| Field | Detail |
|---|---|
| Company | Color Star Technology Co., Ltd. (ZNB) |
| Form Type | 6-K |
| Filed Date | Nov 26, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $7.6 million, $1.60, $25, $33,000,000, $40,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, company-update
TL;DR
Color Star Tech signed a big deal on Nov 25th, 2024.
AI Summary
On November 25, 2024, Color Star Technology Co., Ltd. entered into a material agreement. The company, formerly known as Huitao Technology Co., Ltd. and China Advanced Construction Materials Group, Inc., is headquartered at 80 Broad Street, 5th Floor, New York, NY 10005.
Why It Matters
This filing indicates a significant development for Color Star Technology, potentially impacting its business operations and future strategy.
Risk Assessment
Risk Level: medium — The filing is brief and lacks specific details about the material agreement, making it difficult to assess the associated risks.
Key Players & Entities
- Color Star Technology Co., Ltd. (company) — Registrant
- November 25, 2024 (date) — Date of material agreement
- 80 Broad Street, 5th Floor, New York, NY 10005 (location) — Company address
- Huitao Technology Co., Ltd. (company) — Former company name
- China Advanced Construction Materials Group, Inc. (company) — Former company name
FAQ
What is the nature of the material agreement entered into by Color Star Technology Co., Ltd. on November 25, 2024?
The filing states that the company entered into a material agreement on November 25, 2024, but does not provide specific details about its nature.
What was Color Star Technology Co., Ltd. previously named?
Color Star Technology Co., Ltd. was formerly known as Huitao Technology Co., Ltd. and China Advanced Construction Materials Group, Inc./Cayman.
Where is Color Star Technology Co., Ltd. located?
The company's principal executive office is located at 80 Broad Street, 5th Floor, New York, NY 10005.
Does Color Star Technology Co., Ltd. file annual reports under Form 20-F or Form 40-F?
Color Star Technology Co., Ltd. files annual reports under Form 20-F.
When was the company's name changed from Huitao Technology Co., Ltd.?
The date of the name change from Huitao Technology Co., Ltd. was July 17, 2019.
Filing Stats: 1,243 words · 5 min read · ~4 pages · Grade level 14.1 · Accepted 2024-11-26 08:50:49
Key Financial Figures
- $7.6 million — egate principal amount of approximately $7.6 million (the “ Initial Notes ”), ha
- $1.60 — inary Shares, with an exercise price of $1.60 per Ordinary Share (the “ Initial
- $25 — ber Notes, except that a floor price of $25.40, equal to 20% of the closing price o
- $33,000,000 — Amounts (as defined in the SPA) from US$33,000,000 to US$40,000,000. Except as expressly s
- $40,000,000 — ned in the SPA) from US$33,000,000 to US$40,000,000. Except as expressly set forth above, t
- $7.86 million — egate principal amount of approximately $7.86 million (the “ November Notes ”). T
- $6 — er of (i) the fixed conversion price of $6.68, or (ii) a price equal to the greate
- $1.06 — o the greater of (x) the floor price of $1.06 and (y) the Alternate Conversion Price.
Filing Documents
- ea0222593-6k_colorstar.htm (6-K) — 21KB
- ea022259301ex99-1_color.htm (EX-99.1) — 37KB
- ea022259301ex99-2_color.htm (EX-99.2) — 144KB
- ea022259301ex99-3_color.htm (EX-99.3) — 14KB
- ea022259301ex99-4_color.htm (EX-99.4) — 138KB
- 0001213900-24-102441.txt ( ) — 355KB
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: November 26, 2024 COLOR STAR TECHNOLOGY CO., LTD. By: /s/ Louis Luo Name: Louis Luo Title: Chief Executive Officer 3