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The latest update is out from Color Star Technology ( (ADD) ).
On January 16, 2025, Color Star Technology Co., Ltd. announced the consummation of an Additional Closing under a securities purchase agreement, issuing senior secured convertible notes worth approximately $8.7 million and Series B Warrants. This financial move is set to generate roughly $8 million in gross proceeds for general corporate and working capital purposes. The notes are convertible into ordinary shares and are secured by all company assets, ranking senior to other debts. The transaction reinforces the company’s financial strategy and is expected to enhance its market position.
More about Color Star Technology
Color Star Technology Co., Ltd. operates in the technology sector, primarily focusing on the development and distribution of digital entertainment and education technology products. The company engages in offering music education and entertainment services through its Color World platform.
YTD Price Performance: -22.57%
Average Trading Volume: 1,606,877
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $1.08M
Learn more about ADD stock on TipRanks’ Stock Analysis page.
