SCHEDULE: Intracoastal Capital and Principals Report 9.99% Stake in Color Star Technology

Intracoastal Capital LLC, along with Mitchell P. Kopin and Daniel B. Asher, have reported beneficial ownership of 9.99% of Color Star Technology's Class A Ordinary Shares as of January 24, 2025.

Summary

• This document is a Schedule 13G filing, indicating that Mitchell P. Kopin, Daniel B. Asher, and Intracoastal Capital LLC are reporting their ownership stake in Color Star Technology Co., Ltd.
• As of January 24, 2025, the reporting persons collectively beneficially own 504,488 Class A Ordinary Shares, representing 9.99% of the outstanding shares.
• This ownership includes 325,000 shares held directly by Intracoastal and 179,488 shares issuable upon conversion of a convertible note.
• The filing also notes that the reporting persons could potentially own a larger number of shares (2,874,826) if not for certain 'blocker' provisions in their convertible notes and warrants.
• These blocker provisions prevent the holders from exceeding a 9.99% ownership threshold through conversion or exercise of their securities.

Sentiment

Score: 6

Explanation: The document is a neutral filing of ownership, with no clear positive or negative sentiment. It is a standard regulatory disclosure.

Positives

• The filing indicates a significant ownership stake by Intracoastal Capital and its principals, suggesting a level of confidence in Color Star Technology.
• The reporting persons have the potential to increase their stake significantly if the blocker provisions are removed or modified.

Negatives

• The blocker provisions limit the reporting persons' ability to increase their ownership stake beyond 9.99%.

Risks

• The blocker provisions could limit the potential upside for the reporting persons.
• The filing does not provide any information about the future intentions of the reporting persons.

Future Outlook

The document does not contain any forward-looking statements or guidance.

Industry Context

This filing is a standard disclosure for investors who acquire more than 5% of a company's stock. It indicates a significant ownership stake by Intracoastal Capital and its principals in Color Star Technology.

Comparison to Industry Standards

• Schedule 13G filings are a common occurrence in the US stock market, particularly for companies with a diverse shareholder base.
• The 9.99% ownership stake is a significant position, but not unusual for institutional investors or investment firms.
• The use of blocker provisions in convertible notes and warrants is a common practice to limit ownership and avoid triggering certain regulatory thresholds.

Stakeholder Impact

• The filing informs shareholders of a significant ownership stake by Intracoastal Capital and its principals.
• The information may influence investor perception of Color Star Technology.

Key Dates

Keywords

Schedule 13G, beneficial ownership, Color Star Technology, Intracoastal Capital, convertible note, warrants, blocker provision, Class A Ordinary Shares, Mitchell P. Kopin, Daniel B. Asher