Color Star Technology Announces Pricing of Initial $7.0 Million Tranche of up to $33.0 Million Registered Senior Secured Convertible Notes
Color Star Technology Co., Ltd. - Class A Ordinary Shares (ADD)
Company Research
Source: GlobeNewswire
NEW YORK, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Color Star Technology Co., Ltd. (Nasdaq: ADD) (“Color Star” or the “Company”), an entertainment technology company with a global network that focuses on the application of technology and artificial intelligence in the entertainment industry, today announced it has entered into securities purchase agreements with certain institutional investors (the “Investors”) to purchase senior secured convertible notes in the aggregate principal amount of $7.6 million (the “First Closing”), having an original issue discount of 8% and a maturity of twelve months from issuance, resulting in net proceeds to the Company of approximately $7,000,000 (the “Convertible Notes”). The Convertible Notes will bear an interest rate of 6.0% per annum and will be convertible 45 days after the date of the First Closing, subject to certain conditions, into Class A Ordinary Shares of the Company (the “Ordinary Shares”) at an initial conversion price equal to the lower o
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- Color Star Enters Into a Strategic Cooperation Agreement with Zero2one Consultancy Ltd. to Join Forces and Invest in UK Education MarketGlobeNewswire
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ADD
Sec Filings
- 10/17/24 - Form 20-F
- 10/15/24 - Form S-8
- 10/8/24 - Form 6-K
- ADD's page on the SEC website