Zeta Network Group: Name Change and Reverse Share Split Ahead.

Color Star Technology has changed its name to Zeta Network Group and its stock ticker symbol to ZNB. The company will also conduct a 25-for-1 reverse share split of its Class A and Class B ordinary shares. The name and ticker symbol change reflects the company's new business strategy in cryptocurrency mining and future development plans.

Color Star Technology Co., Ltd., an entertainment technology company, has announced significant changes to its corporate identity and stock structure. The company will change its name to Zeta Network Group and its stock ticker symbol to ZNB. Additionally, it will conduct a 25-for-1 reverse share split of its Class A and Class B ordinary shares [1].

The reverse share split, expected to take effect on August 22, will reduce the number of outstanding shares from approximately 14.6 million Class A Ordinary Shares and 12,000 Class B Ordinary Shares to approximately 585,000 Class A Ordinary Shares and 480 Class B Ordinary Shares [2]. The authorized capital of the company after the reverse split will be USD$32 million, divided into 11.2 billion Class A Ordinary Shares and 1.6 billion Class B Ordinary Shares, with a par value of USD$0.0025 per share [2].

The name and ticker symbol change reflect the company's new business strategy, which includes cryptocurrency mining and future development plans in the entertainment industry [1]. The company's transfer agent, Transhare Corporation, will act as the exchange agent for the reverse share split, and book entry shareholders will not need to take any action [2].

Color Star Technology's stock has been trading in a range of $0.0900 - $185.0000 over the past 52 weeks and closed at $0.1248 on Tuesday, up 39% [1]. The stock has experienced significant volatility in recent trading sessions, including a 19.27% intraday drop on August 20, 2025, which was attributed to high volume and algorithmic/margin-triggered selling [3].

The changes come as Color Star Technology seeks to reposition itself in the rapidly evolving technology and entertainment sectors. The company's forward-looking statements highlight the potential risks and uncertainties associated with its new business strategy, including changes in technology, economic conditions, and the growth of the educational and training services market [2].

References:
[1] https://www.nasdaq.com/articles/color-star-change-name-zeta-network-group-announces-25-1-reverse-stock-split
[2] https://www.morningstar.com/news/pr-newswire/20250820cn55289/color-star-technology-announces-corporate-name-change-stock-ticker-symbol-change-and-25-for-1-reverse-share-split
[3] https://www.ainvest.com/news/color-star-add-plunges-19-unpacking-intraday-shock-2508/