Zeta Network Group (NASDAQ: ZNB) Announces $15 Million Registered Direct Offering
Rhea-AI Summary
Zeta Network Group (NASDAQ: ZNB) announced a registered direct offering of 15,000,000 Class A ordinary shares (or pre-funded warrants) at $1.00 per share, with aggregate gross proceeds expected to be approximately $15 million. The pre-funded warrants carry an exercise price of $0.0025 per share. The transaction is expected to close on or about October 9, 2025, subject to customary closing conditions.
Univest Securities, LLC is the sole placement agent. The offering is being made under a Form F-3 shelf registration declared effective by the SEC on August 28, 2024. A final prospectus supplement will be filed with the SEC and made available on its website.
Positive
- Gross proceeds of approximately $15 million
- Financing structured as registered direct offering under an effective Form F-3
- Univest Securities engaged as sole placement agent
Negative
- 15,000,000 shares issued (or pre-funded warrants) may dilute existing shareholders
- Pre-funded warrants exercisable at $0.0025 per share could increase share count upon exercise
News Market Reaction 23 Alerts
On the day this news was published, ZNB declined 44.12%, reflecting a significant negative market reaction. Our momentum scanner triggered 23 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $2M from the company's valuation, bringing the market cap to $2M at that time.
Data tracked by StockTitan Argus on the day of publication.
NEW YORK, Oct. 08, 2025 (GLOBE NEWSWIRE) -- Zeta Network Group (f.k.a. Color Star Technology Co., Ltd.) (NASDAQ: ZNB) (the “Company”), today announced that it has entered into a definitive agreement with certain investors for the purchase and sale of an aggregate of 15,000,000 of the Company’s Class A ordinary share, par value
The aggregate gross proceeds to the Company of this offering are expected to be approximately
Univest Securities, LLC is acting as the sole placement agent.
The registered direct offering is being made pursuant to a shelf registration statement on Form F-3 (File No.333-281668) previously filed by the Company and declared effective by the U.S. Securities and Exchange Commission (“SEC”) on August 28, 2024. A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC's website located at http://www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, by Univest Securities, LLC at info@univest.us, or by calling +1 (212) 343-8888.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Copies of the prospectus supplement relating to the registered direct offering, together with the accompanying base prospectus will be filed by the Company and, upon filing, can be obtained at the SEC's website at www.sec.gov.
About
Zeta Network Group, 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 was formerly known as Color Star Technology Co., Ltd. and changed its name to Zeta Network Group in August 2025.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the U.S. Securities and Exchange Commission.
For more information, please contact:
Zeta Network Group
80 Broad Street, 5th Floor
New York, NY 10005
Office: (929) 317-2699
Email: ir@colorstaradd.com
FAQ
What is ZNB raising in the October 8, 2025 registered direct offering?
When is the Zeta Network Group (ZNB) offering expected to close?
Who is the placement agent for ZNB's registered direct offering?
Under what registration is ZNB conducting the offering?
What is the exercise price for ZNB's pre-funded warrants in the offering?
Where can investors find the prospectus for ZNB's offering?
