Color Star Technology (ADD) has released an update.
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Color Star Technology Co., Ltd. has entered into a Securities Purchase Agreement with Streeterville Capital, LLC to sell a Convertible Promissory Note worth $1.1 million, with an original issue discount and transaction expenses making the purchase price $1 million. The agreement, leveraging an exemption from securities registration as per the 1933 Act, allows the note to be converted into Class A ordinary shares. The transaction is set to close on August 13, 2024, with funds being transferred via wire on that date.
For further insights into ADD stock, check out TipRanks’ Stock Analysis page.
