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Color Star Technology Announces $7.0 Million Tranche of Registered Senior Secured Convertible Notes
Contract Type
agreement
Description
Color Star Technology Co., Ltd. has entered into securities purchase agreements with certain institutional investors to purchase senior secured convertible notes in the aggregate principal amount of $7.6 million, resulting in net proceeds to the company of approximately $7,000,000. The Convertible Notes will bear an interest rate of 6.0% per annum and will be convertible 45 days after the date of the First Closing, subject to certain conditions.