Color Star Technology Restructures Convertible Debt

Color Star Technology (ADD) has released an update.

Color Star Technology Co., Ltd. has reached an agreement to exchange previously issued senior secured convertible notes for new notes with identical terms, aiming to retire the old notes. The principal amount involved in the exchange is $7,608,695.65, and the transaction relies on exemptions from registration under the Securities Act. This strategic financial move aims to streamline the company’s debt instruments under the agreed conditions.

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