M&A - Color Star Technology Co., Ltd.

Form Type: SCHEDULE 13D

Filing Date: 2025-04-09

Corporate Action: Acquisition

Type: New

Accession Number: 000121390025030337

Filing Summary: On April 9, 2025, filing regarding an acquisition of 16,250,000 Class A Ordinary Shares by Ulife Media and Production International Limited from Model Queen Limited, a wholly-owned subsidiary of Color Star Technology Co., Ltd. This acquisition represents 67.793% of the voting power of Color Star Technology based on outstanding shares as of the filing date. The acquisition was facilitated through a purchase and sale agreement dated February 26, 2025, where BTC KZ, sole shareholder of Ulife, sold certain cryptocurrency mining hardware to Model for $35 million, of which $26 million was paid using the shares.