Zeta Network Group: Name Change and Reverse Share Split Ahead.
ByAinvest
Wednesday, Aug 20, 2025 3:24 pm ET1min read
ADD--
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/
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/
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.
AInvest
PRO
AInvest
PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context.
Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue
Comments
No comments yet