Color Star Plunges 10.91% Amid Nasdaq Delisting Threat

On May 6, 2025, Color Star's stock experienced a significant drop of 10.91% in pre-market trading, raising concerns among investors about the company's recent performance and regulatory compliance.

Color Star Technology Co., Ltd. recently received a notification letter from Nasdaq regarding a bid price deficiency. This notice indicates that the company's stock has not met the minimum bid price requirement for 30 consecutive trading days, which could potentially lead to delisting if the issue is not addressed within the specified timeframe.

This regulatory challenge comes at a time when Color Star is already facing other operational and financial hurdles. The company's ability to navigate these issues will be crucial in determining its future trajectory and investor confidence.