Color Star Technology Announces Corporate Name Change, Stock Ticker Symbol Change and 25-for-1 Reverse Share Split
Color Star Technology (Nasdaq: ADD) has announced significant corporate changes effective August 22, 2025, including a corporate name change to Zeta Network Group, a new stock ticker symbol "ZNB", and a 25-for-1 reverse share split of its Class A and Class B ordinary shares.
The reverse split will reduce outstanding shares from approximately 14.6 million Class A and 12,000 Class B shares to about 585,000 Class A and 480 Class B shares. The company's authorized capital post-split will be $32 million, divided into 11.2 billion Class A and 1.6 billion Class B ordinary shares with a par value of $0.0025 per share.
These changes reflect the company's new strategic focus on cryptocurrency mining operations and future development plans in the entertainment technology sector.
Color Star Technology (Nasdaq: ADD) ha annunciato importanti cambiamenti societari con efficacia dal 22 agosto 2025: un cambio di denominazione sociale in Zeta Network Group, un nuovo ticker di borsa "ZNB" e un raggruppamento azionario inverso 25-contro-1 delle sue azioni ordinarie di Classe A e Classe B.
Il raggruppamento ridurrà le azioni in circolazione da circa 14,6 milioni di Classe A e 12.000 di Classe B a circa 585.000 di Classe A e 480 di Classe B. Il capitale autorizzato dopo il raggruppamento sarà di $32 milioni, suddiviso in 11,2 miliardi di azioni ordinarie di Classe A e 1,6 miliardi di azioni ordinarie di Classe B, con un valore nominale di $0,0025 per azione.
Queste modifiche riflettono il nuovo orientamento strategico dell'azienda verso le attività di mining di criptovalute e i piani di sviluppo futuri nel settore delle tecnologie per l'intrattenimento.
Color Star Technology (Nasdaq: ADD) ha anunciado cambios corporativos significativos con vigencia el 22 de agosto de 2025: un cambio de nombre a Zeta Network Group, un nuevo símbolo bursátil "ZNB" y una consolidación inversa de acciones 25 a 1 de sus acciones ordinarias Clase A y Clase B.
La consolidación reducirá las acciones en circulación de aproximadamente 14,6 millones de Clase A y 12.000 de Clase B a alrededor de 585.000 Clase A y 480 Clase B. El capital autorizado de la compañía tras la consolidación será de $32 millones, dividido en 11.200 millones de acciones ordinarias Clase A y 1.600 millones de acciones ordinarias Clase B, con un valor nominal de $0,0025 por acción.
Estos cambios reflejan el nuevo enfoque estratégico de la compañía en operaciones de minería de criptomonedas y planes de desarrollo futuros en el sector de tecnología del entretenimiento.
Color Star Technology (Nasdaq: ADD)는 2025년 8월 22일부로 중대한 기업 변동을 발표했습니다. 회사명은 Zeta Network Group으로 변경되며, 새로운 주식 티커는 "ZNB", 그리고 클래스 A 및 클래스 B 보통주의 25대1 역병합이 시행됩니다.
역병합으로 유통 주식 수는 약 클래스 A 1,460만 주와 클래스 B 1.2만 주에서 각각 약 클래스 A 58.5만 주와 클래스 B 480주로 축소됩니다. 병합 이후 회사의 허가 자본금은 $3,200만이며, 이는 클래스 A 보통주 112억 주와 클래스 B 보통주 16억 주로 나뉘고, 주당 액면가 $0.0025입니다.
이러한 변경은 암호화폐 채굴 운영에 대한 새로운 전략적 집중과 엔터테인먼트 기술 분야의 향후 개발 계획을 반영합니다.
Color Star Technology (Nasdaq: ADD) a annoncé des changements majeurs effectifs le 22 août 2025 : un changement de dénomination sociale en Zeta Network Group, un nouveau code mnémonique boursier "ZNB" et un regroupement d'actions inversé de 25 pour 1 de ses actions ordinaires de Classe A et B.
Le regroupement fera passer les actions en circulation d'environ 14,6 millions de Classe A et 12 000 de Classe B à environ 585 000 Classe A et 480 Classe B. Le capital autorisé après le regroupement sera de 32 millions $, divisé en 11,2 milliards d'actions ordinaires de Classe A et 1,6 milliard d'actions ordinaires de Classe B, avec une valeur nominale de 0,0025 $ par action.
Ces changements reflètent la nouvelle orientation stratégique de la société vers les opérations de minage de cryptomonnaies et ses projets de développement dans le secteur des technologies de divertissement.
Color Star Technology (Nasdaq: ADD) hat zum 22. August 2025 wesentliche Unternehmensänderungen angekündigt: eine Umbenennung in Zeta Network Group, ein neues Börsenticker- Kürzel "ZNB" sowie eine 25-zu-1 Reverse-Split seiner Stammaktien der Klassen A und B.
Durch den Reverse-Split verringert sich die Anzahl der ausstehenden Aktien von etwa 14,6 Millionen Klasse A und 12.000 Klasse B auf rund 585.000 Klasse A bzw. 480 Klasse B. Das nach dem Split autorisierte Kapital beträgt $32 Millionen, aufgeteilt in 11,2 Milliarden Stammaktien Klasse A und 1,6 Milliarden Stammaktien Klasse B mit einem Nennwert von $0,0025 je Aktie.
Diese Änderungen spiegeln die neue strategische Ausrichtung des Unternehmens auf Kryptowährungs-Mining und geplante Entwicklungen im Unterhaltungstechnologie-Sektor wider.
- Name change and rebranding reflects strategic pivot to cryptocurrency mining operations
- Reverse split could help maintain Nasdaq listing compliance
- Simplified share structure through consolidation of shares
- Significant share dilution potential with 12.8 billion authorized shares post-split
- Substantial reduction in total outstanding shares may impact trading liquidity
- Business model uncertainty with shift from entertainment to crypto mining
Insights
Color Star's 25:1 reverse split, name/ticker change signals major strategic pivot toward cryptocurrency mining, drastically reducing outstanding shares.
Color Star Technology's announcement reveals a comprehensive corporate overhaul through three major changes: renaming to Zeta Network Group, changing ticker from ADD to ZNB, and implementing a substantial 25:1 reverse share split. These changes collectively signal a strategic pivot away from entertainment technology toward cryptocurrency mining operations in Kazakhstan.
The reverse split mechanics are particularly significant, reducing Class A shares from
This comprehensive restructuring is notable for its timing – the changes take effect in just two days on August 22 – suggesting urgency in implementing this strategic shift. The reverse split ratio of 25:1 is unusually steep, potentially indicating deeper financial concerns. Such substantial reverse splits are often undertaken by companies facing minimum share price requirements for continued listing, though the company doesn't explicitly state this motivation.
The parallel name change to Zeta Network Group completes the transformation, removing "Color Star" branding that connected to its prior entertainment focus. The board's approval of these measures on July 28 following shareholder approval on June 29 demonstrates a coordinated, deliberate transition rather than a reactive measure. This represents a fundamental business model shift that existing shareholders should carefully evaluate against their investment objectives.
On June 29, 2025, the shareholders of the Company approved the Corporate Events and corresponding changes in the Seventh Amended and Restated Memorandum and Articles of Association, and on July 28, 2025, the board of directors of the Company approved the definitive reverse share split ratio of 25-for-1. As a result of the reverse share split, the number of ordinary shares outstanding will be reduced from approximately 14.6 million Class A Ordinary Shares and 12,000 Class B Ordinary Shares to approximately 585,000 Class A Ordinary Shares and 480 Class B Ordinary Shares, respectively, subject to rounding up of all fractional shares to the nearest whole share in lieu of such fractional shares. The authorized capital of the Company after the reverse split will be
The Company's transfer agent, Transhare Corporation ("Transhare"), will also act as exchange agent for the reverse share split. The Company understands from Transhare that book entry shareholders will not need to take any action in the reverse share split process. After the reverse share split takes effect, shareholders that currently hold ordinary shares in book entry form will receive updated statements of holding reflecting their holdings referencing the reverse share split.
The Company intends to treat shareholders holding ordinary shares in "street name" (that is, held through a bank, broker or other nominee) in the same manner as shareholders of record whose ordinary shares are registered in their names. Banks, brokers or other nominees will be instructed to effect the reverse share split for their beneficial holders holding our ordinary shares in "street name;" however, these banks, brokers or other nominees may apply their own specific procedures for processing the reverse share split.
The Company's Class A Ordinary Shares will begin trading on a split-adjusted basis when the market opens on August 22, 2025 (
About Color Star Technology Co., Ltd.
Color Star Technology Co., Ltd. (Nasdaq: ADD) is an entertainment and education company that provides online entertainment performances and online music education services. Its business operations are conducted through its wholly-owned subsidiaries, Color Metaverse Pte. Ltd. and CACM Group NY, Inc. The Company's online education is provided through its Color World music and entertainment education platform. The Company has also commenced operations in its new cryptocurrency mining business in
Forward-Looking Statements
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantee of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development, including the development of the metaverse project; product and service demand and acceptance; changes in technology; economic conditions; the growth of the educational and training services market internationally where ADD conducts its business; reputation and brand; the impact of competition and pricing; government regulations; the ability of Color Star to meet NASDAQ listing standards in connection with the consummation of the transaction contemplated therein; and other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission by Color Star. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the
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SOURCE Color Star Technology Co., Ltd.
FAQ
What is the new name and ticker symbol for Color Star Technology (ADD)?
What is the ratio of Color Star's reverse stock split in 2025?
How many shares will Color Star have outstanding after the reverse split?
When will Color Star's reverse split and ticker change take effect?
What is Zeta Network Group's (formerly Color Star) new business focus?
