预计首次交割将于9月30日左右进行。Color Star Technology (ADD.US) announced on Friday that it has signed securities purchase agreements with certain institutions.
According to the Wise Money APP, Color Star Technology (ADD.US) announced on Friday that it has signed securities purchase agreements with certain institutions, purchasing up to $7.6 million in principal amount of senior secured convertible notes at an original issue discount of 8%, with a maturity period of up to twelve months from the date of issue, expected to bring about $7 million in net proceeds to the company.
The convertible notes carry an annual interest rate of 6% and can be converted into Class A common stock of the company 45 days after the initial delivery date, with an initial conversion price equal to $1.60 or the lower of the alternative conversion prices specified in the convertible notes.
The first delivery is expected to take place around September 30th.
