Color Star Technology Co. Ltd. has announced the pricing of its registered direct offering, involving the sale of 11,450,000 Class A Ordinary Shares at $0.56 per share. Accompanying the shares are warrants to purchase an equivalent number of shares, exercisable at the same price. The offering, facilitated by Maxim Group LLC, is expected to generate gross proceeds of approximately $6.4 million, which the company plans to use for debt repayment and general corporate purposes. The offering is set to close around August 14, 2025, subject to customary conditions. The warrants will be immediately exercisable and expire five years from issuance, with unique features such as a zero exercise price option and an adjustable exercise price. The company has filed a prospectus supplement with the SEC, available online or through Maxim Group LLC.
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