SCHEDULE 13G/A: Intracoastal Capital and Affiliates Disclose 9.99% Beneficial Stake in Color Star Technology
Beneficial Ownership Disclosure (Schedule 13G Amendment)
Intracoastal Capital LLC, along with Mitchell P. Kopin and Daniel B. Asher, has filed an amended Schedule 13G disclosing a 9.99% beneficial ownership stake in Color Star Technology Co., Ltd.'s Class A Ordinary Shares as of March 31, 2025.
Summary
- Mitchell P. Kopin, Daniel B. Asher, and Intracoastal Capital LLC (collectively, the "Reporting Persons") have filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership in Color Star Technology Co., Ltd.
- As of March 31, 2025, the Reporting Persons are deemed to have beneficial ownership of 2,668,704 Class A Ordinary Shares.
- This beneficial ownership represents approximately 9.99% of the Class A Ordinary Shares outstanding.
- The calculation is based on 24,045,050 Ordinary Shares reported outstanding by the Issuer, plus the 2,668,704 Ordinary Shares issuable upon conversion of a convertible note held by Intracoastal (the "Intracoastal Convertible Note").
- The beneficial ownership includes shares issuable from the Intracoastal Convertible Note and excludes shares from three warrants (Intracoastal Warrant 1, 2, and 3) due to blocker provisions.
- The blocker provisions in the convertible note and warrants prevent conversion or exercise if it would result in beneficial ownership exceeding 9.99% (for the convertible note and Warrant 1) or 4.99% (for Warrants 2 and 3) of the Ordinary Shares.
- Without these blocker provisions, the Reporting Persons would have been deemed to beneficially own 3,499,737 Ordinary Shares.
Sentiment
Score: 5
Explanation: The document is a factual regulatory filing disclosing beneficial ownership and does not convey positive or negative sentiment regarding the company's performance or prospects.
Future Outlook
This Schedule 13G filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance regarding the issuer's future outlook.
Industry Context
This filing is a standard regulatory disclosure of significant beneficial ownership, common across all publicly traded companies. It indicates a substantial, but non-controlling, stake held by an investment entity and its principals in Color Star Technology Co., Ltd. The use of convertible notes and warrants with blocker provisions is a common strategy for investors to manage their ownership percentages and regulatory compliance.
Stakeholder Impact
- Shareholders: The disclosure of a significant beneficial ownership stake (9.99%) by Intracoastal Capital and its principals provides transparency regarding a major investor's position. The existence of convertible notes and warrants, even with blocker provisions, indicates potential future dilution if these instruments are fully converted/exercised, though the blockers limit immediate impact.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of event which requires filing of this statement (beneficial ownership calculation date). |
| 05/09/2025 | Signature date for Mitchell P. Kopin, Daniel B. Asher, and Intracoastal Capital LLC. |
Keywords
Color Star Technology Co. Ltd., Schedule 13G, beneficial ownership, Intracoastal Capital LLC, Mitchell P. Kopin, Daniel B. Asher, Class A Ordinary Shares, convertible note, warrants, SEC filing, equity stake
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