Cash Position
The company has 43.1 months of cash left based on the quarterly cash burn of $993.82 k and estimated current cash of $14.28 M
Commentary on Financial Condition
Color Star Technology Co., Ltd. has a precarious financial condition with cash and cash equivalents of only $20,000 as of June 30, 2024, and a working capital of approximately $1.4 million. The company is addressing going concern risks through additional equity financing and aims to improve operating results. Despite a significant increase in revenue, the company still faces substantial net losses, and its future depends on successful financing and revenue generation from new initiatives. ---(FOREIGN COMPANY)---2024-10-17
Former Symbols
Nasdaq Compliance
Date
Deficiency
Market
Status
Notes
Previous Splits
Date
Split
11/15/2024
100 to 1
9/26/2022
40 to 1
Pending Offering
Title | Details | Offering Amt | Shr Amt | Share Price | Warrants | Bank | Date | Type | |
|---|---|---|---|---|---|---|---|---|---|
SHARE RESALE REGISTRATION | Shares amount: 22,892,037 | Share price: $0.82 | The selling shareholders acquired the shares in a private placement on March 25, 2021, where 6,500,000 Ordinary Shares were issued, on March 27, 2021, where 13,500,000 Ordinary Shares were issued, on August 27, 2020, where 300,000 Ordinary Shares were issued pursuant to certain assignment, and 2,100,000 Ordinary Shares were purchased from other shareholders. | - | 5.72 k | - | - | - | Aug 18, 2021 | F-3 | |
SHARE RESALE REGISTRATION | Shares amount: 20,000,000 | Share price: $1.30 | Warrants amount: 20,000,000 | Warrants exercise price: $1.34 | WITHDRAWN | - | 5.00 k | - | 5.00 k | - | Jun 22, 2021 | F-1 |
Shelf
Title | Raisable Amt | Offering Amt | Amt Sold Last 12 Mos | Float | 60 Day High | Price to Exceed Baby Shelf | Float Value | Exp Date | Effective date | |
|---|---|---|---|---|---|---|---|---|---|---|
August 2024 SHELF | $76,015,624.00 | $100.00 M | 23984376 | 4.52 M | 176 | 16.59 | 795.53 M | 8/29/2027 | 8/29/2024 | |
EXPIRED-June 2021 SHELF | Offering amount: $300,000,000.00 | $276,015,624.00 | $300.00 M | 23984376 | 4.52 M | 176 | 16.59 | 795.53 M | 6/24/2024 | 6/24/2021 | |
EXPIRED-May 2021 SHELF | Offering amount: $300,000,000.00 | Float: 89,606,629 | $276,015,624.00 | $300.00 M | 23984376 | 4.52 M | 176 | 16.59 | 795.53 M | 6/24/2024 | 6/24/2021 |
Warrants
Title | Registered | Remaining Warrants | Ex Price | Cost Basis | Total Warrants | Owners | Bank | Price Protection | Details | Exercisable Date | Expiration Date | Filed Date | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
January 2025 - Series A Warrants | Registered | 2,467,692 | $2.11 | - | 2,467,692 | n/a | Maxim Group, LLC | Full Ratchet | n/a | Jan 1, 2025 | Jan 1, 2030 | Jan 17, 2025 | |
October 2024 - Series A Warrants | Registered | 28,531 | $160.00 | - | 28,531 | Certain institutional investors | Full Ratchet | Nov 14, 2024 | Nov 14, 2029 | Oct 2, 2024 | |||
September 2022 - Warrants | Registered | 13,287 | $121.00 | - | 17,500 | N/A | Full Ratchet | - | - | Sep 19, 2022 | |||
February 2022 - Warrants | Registered | 6,250 | $1,600.00 | - | 6,250 | N/A | N/A | - | - | Feb 24, 2022 | |||
September 2021 - Warrants | Registered | 5,534 | $320.00 | - | 5,534 | N/A | Full Ratchet | - | - | Sep 28, 2021 | |||
February 2021 - Warrants | Registered | 5,000 | $5,360.00 | - | 5,000 | Chen Chen, Fang Liu, Lixia Wan, Shasha Shui, Yixuan Wang | Customary Anti-Dilution | - | - | Feb 18, 2021 | |||
September 2020 - Warrants | Registered | 888 | $2,200.00 | - | 2,970 | Anson, Bigger Capital, CVI, Empery, Hudson Bay, Intracoastal, L1, Lind Global | Customary Anti-Dilution | - | - | Sep 17, 2020 | |||
July 2020 - Warrants | Registered | 524 | $6,000.00 | - | 524 | Anson, Hudson Bay, Intracoastal, L1 | Customary Anti-Dilution | - | - | Jul 22, 2020 | |||
May 2020 - Warrants | Registered | - | $740.00 | - | 650 | Anson, Hudson Bay, Intracoastal, L1 | Full Ratchet | - | - | May 13, 2020 | |||
April 2020 - Warrants | Registered | - | $160.00 | - | 682 | Anson, Hudson Bay, Intracoastal, L1 | Full Ratchet | - | - | Apr 2, 2020 |
Convertibles
Title | Registered | Shares Remaining | Cv Price | $ Amt Remaining | Total $ Amt | Owners | Bank | Price Protection | Details | Convertible Date | Maturity Date | Filed Date | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
January 2025 - Senior Secured Convertible Notes | Registered | 3,791,469 | $2.11 | $8,000,000.00 | $8,000,000.00 | n/a | Maxim Group, LLC | Variable Rate | The conversion price for the notes is set at $2.11 per share. However, it can be adjusted based on market conditions. Specifically, the conversion price could be the lower of $2.11 or 90% of the lowest average trading price (VWAP) of the shares over the ten days before the conversion date, but it won't go below a floor price of $1.00. This means if the market price drops significantly, the conversion price could be adjusted downward to reflect that, but not below $1.00. Additionally, the conversion price can be adjusted if the company issues dividends, or if there are stock splits or similar changes. | Jan 16, 2025 | Jan 16, 2026 | Jan 17, 2025 | |
November 2024 - Convertible Note | Registered | 1,139,026 | $6.68 | $7,608,696.00 | $7,608,696.00 | Certain institutional investors | Variable Rate | The conversion price is the lower of: a fixed price of $6.68 or the higher of a minimum price of $1.06 and the "Alternate Conversion Price." (a price equal to 90% of the lowest VWAP of the Ordinary Shares during the ten (10)-Trading Day period immediately preceding the applicable Conversion Date, in each case subject to adjustment as provided herein) | Nov 25, 2024 | Nov 25, 2025 | Nov 26, 2024 | ||
October 2024 - Senior Secured Convertible Notes (exchange for new notes 11/26/24 with these conditions - The November Notes shall have substantially all of the same terms of the New Notes, having a maturity date twelve months from the date of issuance, bearing an interest rate of 6% per annum, and convertible into Ordinary Shares of the Company immediately from the date of issuance, in whole or in part, until the November Notes are fully converted, at the lower of (i) the fixed conversion price of $6.68, or (ii) a price equal to the greater of (x) the floor price of $1.06 and (y) the Alternate Conversion Price. | Registered | 299,555 | $25.40 | $7,608,696.00 | $7,608,696.00 | Certain institutional investors | Variable Rate | The conversion price is the lower of: a fixed price of $6.68 or the higher of $1.06 and the "Alternate Conversion Price." | Nov 14, 2024 | Sep 30, 2025 | Oct 2, 2024 | ||
August 2024 - - Convertible Promissory Note | Not Registered | 5,500 | $200.00 | $1,100,000.00 | $1,100,000.00 | Streeterville Capital, LLC | Variable Rate Installments, Full Ratchet | Feb 13, 2025 | Aug 13, 2025 | Aug 15, 2024 |
Completed Offerings
Title | Offering Amt | Shr Amt | Share Price | Warrants | Bank | Owners | Date | Type | |
|---|---|---|---|---|---|---|---|---|---|
SHARE ISSUANCE FOR ACQUISTION | $26.00 M | 16.25 M | - | - | - | - | Mar 20, 2025 | 6-K | |
SHARE ISSUANCE FOR ACQUISITION | $8.10 M | 2.25 M | $3.60 | - | - | - | Feb 6, 2025 | 6-K | |
PRIVATE PLACEMENT, DEBT OFFERING (3rd Closing) | $8.00 M | - | $2.11 | 2.47 M | Maxim Group, LLC | n/a | Jan 17, 2025 | 6-K | |
PRIVATE PLACEMENT, DEBT OFFERING | $7.60 M | - | - | 28.53 k | Maxim Group, LLC | - | Oct 2, 2024 | 6-K | |
PRIVATE PLACEMENT | $940.00 k | 23.50 k | $40.00 | - | - | Patel Family | Aug 23, 2024 | 6-K | |
DEBT OFFERING | $1.10 M | - | - | - | - | - | Aug 15, 2024 | 6-K | |
PRIVATE PLACEMENT | $600.00 k | 15.00 k | $40.00 | 0.00 | - | - | Dec 28, 2023 | 6-K | |
PRIVATE PLACEMENT | $500.00 k | 20.00 k | $25.00 | 0.00 | - | Vast Ocean | Nov 21, 2023 | 6-K | |
PRIVATE PLACEMENT | $280.00 k | 11.20 k | $25.00 | 0.00 | - | Vast Ocean | Nov 8, 2023 | 6-K | |
REGISTERED OFFERING (RDO) | $5.60 M | 17.50 k | $320.00 | 17.50 k | Maxim | - | Sep 15, 2022 | 6-K | |
REGISTERED OFFERING (RDO) | $10.00 M | 6.25 k | $1,600.00 | 6.25 k | Maxim | - | Feb 22, 2022 | 6-K | |
PRIVATE PLACEMENT | $16.00 M | 4.00 k | $4,000.00 | 0.00 | - | - | Jan 21, 2022 | 6-K | |
PRIVATE PLACEMENT | $10.00 M | 3.13 k | $3,200.00 | 0.00 | - | - | Dec 2, 2021 | 6-K | |
REGISTERED OFFERING (RDO) | $22.14 M | 7.91 k | $2,800.00 | 5.53 k | FT Global | - | Sep 24, 2021 | 6-K | |
PRIVATE PLACEMENT | $17.55 M | 3.38 k | $5,200.00 | 0.00 | - | - | Mar 29, 2021 | 6-K | |
PRIVATE PLACEMENT | $8.45 M | 1.63 k | $5,200.00 | - | - | - | Mar 25, 2021 | 6-K | |
PRIVATE PLACEMENT | $26.00 M | 5.00 k | $5,200.00 | 5.00 k | - | - | Feb 23, 2021 | 6-K | |
REGISTERED OFFERING (RDO) | $6.60 M | 3.30 k | $2,000.00 | 2.97 k | Maxim | Anson, Bigger Capital, CVI, Empery, Hudson Bay, Intracoastal, L1, Lind Global | Sep 16, 2020 | 6-K | |
REGISTERED OFFERING (RDO) | $500.00 k | 206.35 | $2,440.00 | 828.41 | None | - | Sep 4, 2020 | 6-K | |
REGISTERED OFFERING (RDO) | $4.19 M | 806.25 | $5,200.00 | 524.06 | Maxim | Anson, Hudson Bay, Intracoastal, L1 | Jul 20, 2020 | 6-K | |
REGISTERED OFFERING (RDO) | $1.43 M | 650.00 | $2,200.00 | 650.00 | Maxim | Anson, Hudson Bay, Intracoastal, L1 | May 11, 2020 | 6-K | |
REGISTERED OFFERING (RDO) | $1.50 M | 681.82 | $2,200.00 | 681.82 | Maxim | Anson, Hudson Bay, Intracoastal, L1 | Mar 31, 2020 | 6-K |