[SCHEDULE 13G/A] Color Star Technology Co., Ltd. SEC Filing
Color Star Technology Co., Ltd. has a disclosed beneficial position of 1,547,921 Class A Ordinary Shares, representing 4.99% of the outstanding Class A shares on the basis provided in the filing. The reported position combines 1,072,929 shares issuable on conversion of a convertible note held by Intracoastal Capital LLC and warrants exercisable for the remaining shares (amounts of 131, 8,152 and 466,709 shown).
The filing notes a blocker provision that prevents exercise of a portion of one warrant that would push beneficial ownership above 4.99%, and states the Reporting Persons have shared voting and dispositive power over the 1,547,921 shares and no sole voting or dispositive power.
- Clear disclosure of beneficial ownership totaling 1,547,921 shares (4.99%) including detailed breakdown by convertible note and warrants
- Identification of instruments (convertible note and three warrants) provides transparency about potential future dilution
- Blocker provision disclosed, which clarifies limits on increasing ownership above 4.99%
- Position is close to the 5% threshold, meaning small changes could push the group above reporting/threshold levels
- No sole voting or dispositive power—the Reporting Persons do not have unilateral control over the shares they report
Insights
TL;DR: Reporting group holds a near-5% stake via convertible note and warrants, capped by a blocker provision; impact is informational, not control-changing.
The Schedule 13G shows beneficial ownership of 1,547,921 shares (4.99%) derived primarily from a convertible note (1,072,929 shares) and three warrants. The presence of a blocker provision that prevents exercise beyond 4.99% is material to potential dilution and voting dynamics because it limits the group's ability to increase ownership without changing terms. Shared voting/dispositive power indicates coordinated influence but not unilateral control. Overall, this is a notable disclosure but not an immediate control event.
TL;DR: This is a transparency filing showing a minority, non-controlling position; governance impact is limited due to shared power and an exercise blocker.
The filing identifies three reporting parties acting together and discloses both the instruments that create beneficial ownership and the governance limits: shared voting/dispositive authority and a contractual blocker on warrant exercise. For directors or governance watchers, the combination of convertible debt and warrants merits monitoring because conversion/exercise could alter ownership percentages if contractual constraints change, but currently the reporting group is positioned below the 5% threshold and does not claim control.