Color Star Technology (ADD) has released an update.
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Color Star Technology Co., Ltd., a company known for its involvement in the entertainment and education industries, has announced a significant financial move with the filing of a shelf registration statement and a prospectus supplement for the offering of over $7.6 million in senior secured convertible notes and accompanying warrants. The offering includes both initial and additional notes and warrants, which could potentially bring the company an aggregate principal amount of up to $26 million. This strategic financial action aims to strengthen the company’s position by securing additional capital through securities sales.
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