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Stock impact report

Color Star Technology Announces Pricing of $6.6 million Registered Direct Offering

Huitao Technology Co., Ltd. - Ordinary Shares (HHT)  More Company Research Source: PR Newswire
PDF NEW YORK, Sept. 16, 2020 /PRNewswire/ -- Color Star Technology Co., Ltd. (Nasdaq CM: HHT) (the "Company", "we" or "HHT"), a company engaged in the businesses of providing education services, announced today that it has entered into a securities purchase agreement on September 15, 2020 with certain accredited investors to purchase $6.6 million worth of its ordinary shares in a registered direct offering and warrants to purchase ordinary shares in a concurrent private placement. Under the terms of the securities purchase agreement, the Company has agreed to sell 13.2 million ordinary shares. In a concurrent private placement, the Company has agreed to issue unregistered warrants to purchase up to 11.88 million ordinary shares. The warrants will be exercisable immediately upon the date of issuance and have an exercise price of $0.55. The warrants will expire five years and six months from the date of issuance. The purchase price for one ordinary share and a corresponding warrant will be [Read more]
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