SCHEDULE 13G: Anson Funds Discloses 9.9% Stake in Color Star Technology Co., Ltd.
Beneficial Ownership Report
Anson Funds Management LP and its affiliates have reported a 9.9% beneficial ownership stake in Color Star Technology Co., Ltd.'s Class A Ordinary Shares.
Summary
- Anson Funds Management LP, along with Anson Management GP LLC, Mr. Tony Moore, Anson Advisors Inc., Mr. Amin Nathoo, and Mr. Moez Kassam, collectively reported beneficial ownership of 5,639,030 Class A Ordinary Shares of Color Star Technology Co., Ltd.
- This ownership represents 9.9% of the outstanding Class A Ordinary Shares.
- The percentage is calculated based on 51,212,384 shares issued and outstanding as of October 17, 2024, plus 5,234,363 shares receivable upon exercise of warrants, totaling 56,446,747 shares.
- The reporting persons hold shared voting and shared dispositive power over these shares.
- The filing is a Schedule 13G, indicating that the shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 7
Explanation: The disclosure of a significant stake by a reputable investment firm like Anson Funds can be interpreted as a positive signal of confidence in the issuer's value or future prospects.
Positives
- The disclosure of a significant 9.9% stake by Anson Funds and its affiliates may signal institutional confidence in Color Star Technology Co., Ltd.
- The acquisition of shares in the ordinary course of business suggests a long-term investment perspective rather than an activist stance.
Future Outlook
NA
Industry Context
This filing indicates significant institutional investment interest in Color Star Technology Co., Ltd., a company whose primary business is not detailed in this specific filing but is implied to be in the technology sector given its name. The acquisition of a substantial stake by Anson Funds, a notable investment firm, suggests a potential belief in the company's long-term prospects within its industry.
Comparison to Industry Standards
- This document is a beneficial ownership report and does not contain financial or operational results that can be compared to industry standards or specific comparable companies/projects. It solely reports an ownership stake.
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional holder may influence investor sentiment and potentially the stock price, indicating increased institutional interest.
Key Dates
| Date | Description |
|---|---|
| 2024-10-17 | Date of Issuer's Annual Report on Form 20-F, reporting 51,212,384 shares issued and outstanding. |
| 2025-03-31 | Date of event which requires the filing of this statement. |
| 2025-05-15 | Date of signing and filing of the Schedule 13G statement. |
Keywords
Color Star Technology Co. Ltd., Anson Funds Management LP, Schedule 13G, Beneficial Ownership, Class A Ordinary Shares, Institutional Investor, SEC Filing, Equity Stake, Investment Management
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.