tiprankstipranks
Company Announcements

Color Star Technology Restructures Convertible Debt

Color Star Technology Restructures Convertible Debt

Color Star Technology (ADD) has released an update.

Discover the Best Stocks and Maximize Your Portfolio:

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.

For further insights into ADD stock, check out TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1