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home / news releases / CSCw - Color Star Technology declines 45% on $5.6M direct placement

CSCw - Color Star Technology declines 45% on $5.6M direct placement

Computer Sciences Corp.
  • Color Star Technology ( NASDAQ: CSCW ) has entered into a securities purchase agreement with certain institutional investors for a registered direct offering of ordinary shares and warrants.
  • Each unit consists of one ordinary share and one warrant to purchase one ordinary share. The purchase price per unit is $0.08.
  • Gross proceeds will be ~$5.6M.
  • Company will issue to the investors an aggregate of 70M shares and warrants.
  • Placement is expected to occur on or about September 19, 2022.
  • Stock drops 45% pre-market.

For further details see:

Color Star Technology declines 45% on $5.6M direct placement
Stock Information
Company Name: Computer Sciences Corp.
Stock Symbol: CSCw
Market: NASDAQ
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