Zeta Network Group — Capital/Financing Update 2020

Sep 4, 2020

6-K 1 ea126484-6k_colorstar.htm REPORT OF FOREIGN PRIVATE ISSUER

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of September 2020

Commission File Number: 333-226308

COLOR STAR TECHNOLOGY CO., LTD.

(Translation of registrant’s name into English)

800 3rd Ave, Suite 2800

New York NY 10022

(212) 220-3967

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

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Entry into Material Definitive Agreements in Connection with a Registered Direct Offering.

On September 4, 2020, Color Star Technology Co., Ltd. (the “ Company ”) and GPL Ventures LLC, a Delaware limited liability company (the “ Purchaser ”) entered into that certain securities purchase agreement (the “ Purchase Agreement ”), pursuant to which the Company agreed to sell to such Purchaser an aggregate of up to 3,174,603 ordinary shares (the “ Shares ”), par value $0.001 per share (the “ Ordinary Shares ”) in a registered direct offering, for gross proceeds of up to approximately $2 million (the “ Offering ”).

The Shares shall be issued in four separate installments. The first installment of $500,000 worth of shares, or 793,651 shares to be issued at $0.63 per share, expected to close on September 8, 2020, subject to customary closing conditions. The Company agreed to issue 31,746 Ordinary Shares to the Purchaser as additional consideration for the purchase of the Shares. Each of the Purchaser and the Company has the right not to proceed with any subsequent installments, with or without cause by giving the other party notice. If the Purchaser and the Company proceed with subsequent installments, in no event shall the purchase price in any subsequent installment be lower than $0.52 per share.

No placement agent was involved in the Offering.

The sale and offering of the Shares pursuant to the Purchase Agreement was effected as a takedown off the Company’s shelf registration statement on Form F-3, as amended (File No. 333-236616), which became effective on March 10, 2020, pursuant to a prospectus supplement to be filed with the Securities and Exchange Commission.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Dated: September 4, 2020

| COLOR
STAR TECHNOLOGY CO., LTD. | |
| --- | --- |
| By: | /s/
Biao (Luke) Lu |
| Name: | Biao
(Luke) Lu |
| Title: | Chief
Executive Officer |

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