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Color Star Technology ( (ADD) ) just unveiled an update.
Color Star Technology Co., Ltd. announced on August 13, 2025, that it has entered into securities purchase agreements with institutional investors for a registered direct offering. The company will sell 11,450,000 Class A Ordinary Shares at $0.56 per share, along with warrants to purchase an equal number of shares. The offering is expected to generate gross proceeds of approximately $6.4 million, which will be used for debt repayment and general corporate purposes. The offering is set to close on or about August 14, 2025, with Maxim Group LLC acting as the sole placement agent.
More about Color Star Technology
Average Trading Volume: 366,120
Technical Sentiment Signal: Strong Sell
Current Market Cap: $16.51M
See more insights into ADD stock on TipRanks’ Stock Analysis page.