Color Star Technology (ADD) has released an update.
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Color Star Technology Co., Ltd. has announced a proposed reverse share split and share consolidation, with a ratio ranging from one-for-five to one-for-two hundred fifty, set to be voted on in their upcoming Annual General Meeting on September 29, 2024. This move aims to decrease the number of authorized and issued Class A and Class B ordinary shares, consequently increasing their par value. Shareholders are encouraged to vote on this and other proposals, including the adoption of the 2024 Equity Incentive Plan and the election of Director Nominees.
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