Hudson Bay Capital Exits Significant Color Star Stake

TL;DR

**Hudson Bay Capital likely sold off a chunk of Color Star shares.**

AI Summary

Hudson Bay Capital Management LP, a hedge fund, filed an amended SC 13G/A on February 2, 2024, indicating a change in their ownership of Color Star Technology Co., Ltd.'s Ordinary Shares as of December 31, 2023. This filing, an amendment to a previous disclosure, signals that Hudson Bay Capital Management LP is no longer required to report its holdings under Rule 13d-1(b), suggesting a reduction in their stake below the 5% threshold. This matters to investors because a significant institutional investor reducing its position could imply a loss of confidence in the company's future prospects, potentially leading to downward pressure on the stock price.

Why It Matters

A major institutional investor reducing its stake can signal a lack of confidence, potentially influencing other investors and the stock's performance.

Risk Assessment

Risk Level: medium — A large institutional investor reducing its stake can create selling pressure and signal potential underlying issues with the company.

Analyst Insight

Investors should investigate the reasons behind Hudson Bay Capital Management LP's reduced stake and consider if it aligns with their own investment thesis for Color Star Technology Co., Ltd. before making any decisions.

Key Numbers

• $0.04 — Par Value per Share (The par value of Color Star Technology Co., Ltd.'s Ordinary Shares.)

Key Players & Entities

• Hudson Bay Capital Management LP (company) — the reporting person filing the SC 13G/A
• Color Star Technology Co., Ltd. (company) — the issuer of the securities
• December 31, 2023 (date) — the date of the event requiring the filing
• $0.04 (dollar_amount) — par value of Ordinary Shares

Forward-Looking Statements

• Color Star Technology Co., Ltd.'s stock price may experience downward pressure. (Color Star Technology Co., Ltd.) — medium confidence, target: short-term

FAQ

Key Financial Figures

• $0.04 — d. (Name of Issuer) Ordinary Shares, $0.04 par value (Title of Class of Securitie

Filing Documents

• add13ga.htm (SC 13G/A) — 53KB
• image_009.gif (GRAPHIC) — 0KB
• 0001393825-24-000003.txt ( ) — 55KB

(a)

Item 1(a). NAME OF ISSUER: The name of the issuer is Color Star Technology Co., Ltd., a Cayman Islands exempted company (the " Company ").

(b)

Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: The Company's principal executive offices are located at 80 Broad Street, 5th Floor, New York NY 10007.

(a)

Item 2(a). NAME OF PERSON FILING: This statement is filed by Hudson Bay Capital Management LP (the " Investment Manager ") and Mr. Sander Gerber (" Mr. Gerber "), who are collectively referred to herein as " Reporting Persons ."

(b)

Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: The address of the business office of each of the Reporting Persons is 28 Havemeyer Place, 2nd Floor, Greenwich, CT 06830.

(c)

Item 2(c). CITIZENSHIP: The Investment Manager is a Delaware limited partnership. Mr. Gerber is a United States citizen.

(d)

Item 2(d). TITLE OF CLASS OF SECURITIES: Ordinary Shares, $0.04 par value (the " Ordinary Shares ").

(e)

Item 2(e). CUSIP NUMBER: G2287A209 Item 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b) OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) ¨ Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); (b) ¨ Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) ¨ Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) ¨ Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) ý Investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) ¨ Employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) ý Parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) ¨ Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) ¨ Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3); (j) ¨ Non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J); (k) ¨ Group, in accordance with Rule 13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. The information required by Items 4(a) – (c) is set forth in Rows (5) – (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person. The percentages used in this Schedule 13G/A are calculated based upon 48,511,012 Ordinary Shares outstanding as of December 28, 2023, as reported in Exhibit 99.1 attached to the Company's Report of Foreign Private Issuer on Form 6-K filed with the Securities and Exchange Commission on December 29, 2023, and assumes the exercise of the reported warrants. The Investment Manager serves as the investment manager to Hu

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of its or his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. DATE: February 2, 2024 HUDSON BAY CAPITAL MANAGEMENT LP By: /s/ Sander Gerber Name:Sander Gerber Title:Authorized Signatory /s/ Sander Gerber SANDER GERBER

View Full Filing

View this SC 13G/A filing on SEC EDGAR