Color Star Technology (ADD) has released an update.
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Color Star Technology has completed a second closing involving the issuance of $7.68 million in senior secured convertible notes to institutional investors. This transaction also included the redemption of previously issued notes worth $7.6 million, enhancing the company’s financial position. The move, part of a broader financing strategy, taps into the company’s shelf registration statement to raise capital.
For further insights into ADD stock, check out TipRanks’ Stock Analysis page.
