Color Star Announces Convertible Note Closing
Ticker: ZNB · Form: 6-K · Filed: Jan 17, 2025 · CIK: 1747661
| Field | Detail |
|---|---|
| Company | Color Star Technology Co., Ltd. (ZNB) |
| Form Type | 6-K |
| Filed Date | Jan 17, 2025 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $40,000,000, $8.7 million, $0.0001, $2.11, $8 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: financing, convertible-note
TL;DR
Color Star closed another convertible note deal on Jan 17, more debt incoming.
AI Summary
Color Star Technology Co., Ltd. announced the third convertible note additional closing on January 17, 2025, pursuant to a securities purchase agreement dated September 27. The filing does not specify the dollar amount or terms of this closing.
Why It Matters
This filing indicates ongoing financing activities for Color Star Technology, which could impact its financial structure and future operations.
Risk Assessment
Risk Level: medium — Convertible note closings can signal a need for capital, potentially indicating financial strain or aggressive growth plans.
Key Players & Entities
- Color Star Technology Co., Ltd. (company) — Registrant
- September 27 (date) — Date of securities purchase agreement
- January 17, 2025 (date) — Date of convertible note additional closing
FAQ
What was the principal amount of the third convertible note additional closing?
The filing does not specify the principal amount of the third convertible note additional closing.
What are the terms of the convertible note, including interest rate and conversion price?
The filing does not detail the specific terms of the convertible note, such as interest rate or conversion price.
Who were the purchasers in this third convertible note additional closing?
The filing does not identify the purchasers involved in this closing.
What is the purpose of the funds raised through this convertible note issuance?
The filing does not state the intended use of the funds from this convertible note closing.
When was the original securities purchase agreement signed?
The original securities purchase agreement was signed on September 27.
Filing Stats: 1,088 words · 4 min read · ~4 pages · Grade level 13.3 · Accepted 2025-01-17 09:00:04
Key Financial Figures
- $40,000,000 — e investors, from time to time, up to US$40,000,000 in the maximum aggregate subscription a
- $8.7 million — egate principal amount of approximately $8.7 million (the “ New Notes ”), having
- $0.0001 — into Class A Ordinary Shares, par value $0.0001 per share (“ Ordinary Shares &rdq
- $2.11 — inary Shares, with an exercise price of $2.11 per Ordinary Share. The offering of the
- $8 million — roceeds to the Company of approximately $8 million before deducting placement agent fees a
- $1.00 — o the greater of (x) the floor price of $1.00 (the “ Floor Price ”) and (
Filing Documents
- ea0228008-6k_colorstar.htm (6-K) — 18KB
- ea022800801ex99-1_colorstar.htm (EX-99.1) — 168KB
- ea022800801ex99-2_colorstar.htm (EX-99.2) — 108KB
- ea022800801ex99-3_colorstar.htm (EX-99.3) — 15KB
- 0001213900-25-004368.txt ( ) — 311KB
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: January 17, 2025 COLOR STAR TECHNOLOGY CO., LTD. By: /s/ Louis Luo Name: Louis Luo Title: Chief Executive Officer 2