SCHEDULE: Intracoastal Capital Discloses 4.99% Stake in Color Star

Intracoastal Capital LLC and its principals, Mitchell P. Kopin and Daniel B. Asher, have disclosed a 4.99% beneficial ownership stake in Color Star Technology Co., Ltd. through convertible notes and warrants.

Summary

• Mitchell P. Kopin, Daniel B. Asher, and Intracoastal Capital LLC (collectively, the "Reporting Persons") have filed an Amendment No. 2 to their Schedule 13G.
• The Reporting Persons beneficially own an aggregate of 1,547,921 Class A Ordinary Shares of Color Star Technology Co., Ltd.
• This beneficial ownership represents 4.99% of the Class A Ordinary Shares outstanding.
• The ownership includes 1,072,929 Ordinary Shares issuable upon conversion of a convertible note held by Intracoastal.
• Additionally, it includes 131 Ordinary Shares, 8,152 Ordinary Shares, and 466,709 Ordinary Shares issuable upon exercise of three separate warrants held by Intracoastal.
• The calculation is based on 29,472,552 Ordinary Shares reported by the Issuer as outstanding on May 20, 2025, plus the shares issuable to the Reporting Persons.
• A blocker provision in one of the warrants (Intracoastal Warrant 3) prevents the holder from exercising it to the extent that it would result in beneficial ownership exceeding 4.99% of the Common Stock.
• Without this blocker provision, the beneficial ownership would be 1,786,267 shares.

Sentiment

Score: 5

Explanation: The filing is a standard disclosure of beneficial ownership, providing factual information without expressing positive or negative sentiment regarding the issuer's performance or outlook.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The filing details the beneficial ownership of shares derived from a convertible note and warrants held by Intracoastal Capital LLC, which is managed by Mitchell P. Kopin and Daniel B. Asher. This represents a significant investment by these parties in Color Star Technology Co., Ltd.

Stakeholder Impact

• Shareholders: The disclosure of a significant beneficial ownership stake (4.99%) by an institutional investor group provides transparency regarding the company's ownership structure. The presence of a blocker provision ensures the stake remains below 5%, avoiding certain regulatory thresholds.

Key Dates

Keywords

Color Star Technology, Class A Ordinary Shares, Schedule 13G, Beneficial Ownership, Intracoastal Capital, Mitchell P. Kopin, Daniel B. Asher, Convertible Note, Warrants, SEC Filing