彩色星球科技美股招股说明书(2022-09-19版)

424B51ea165768-424b5colorstartech.htmPROSPECTUSSUPPLEMENT FiledpursuanttoRule424(b)(5)RegistrationNo.333-256508 ProspectusSupplement (ToProspectusdatedJune23,2021,asamended) COLORSTARTECHNOLOGYCO.,LTD. 70,000,000OrdinaryShares InvestorWarrantstoPurchase70,000,000OrdinaryShares70,000,000OrdinarySharesIssuableuponExerciseoftheInvestorWarrants TailFeeWarrantstoPurchase1,725,000OrdinaryShares1,725,000OrdinarySharesIssuableuponExerciseoftheTailFeeWarrants Pursuanttothisprospectussupplementandtheaccompanyingprospectus,weareofferingupto70,000,000OrdinarySharesdirectlytoselectedinvestors.Thepurchasersinthisofferingwillalsoreceivewarrants(the“InvestorWarrants”)toinitiallypurchaseanaggregateof70,000,000OrdinaryShareswithapershareexercisepriceof$0.08.TheInvestorWarrantsareexercisableimmediatelyasofthedateofissuanceandexpireat5:00p.m.(NewYorkCitytime)September19,2027.AholderoftheInvestorWarrantsalsowillhavetherighttoexercisesuchwarrantsonacashlessbasisiftheregistrationstatementorprospectuscontainedthereinisnotavailablefortheissuanceoftheOrdinarySharesissuableuponexercisethereof. ForamoredetaileddescriptionoftheOrdinarySharesandInvestorWarrants,seethesectionentitled“DescriptionofSecuritiesWeAreOffering”beginningonpageS-13.Thereisnoestablishedpublictradingmarketforthewarrants,andwedonotexpectamarkettodevelop.Wedonotintendtoapplytolistthewarrantsonanysecuritiesexchange. OurOrdinarySharestradeontheNASDAQCapitalMarketunderthesymbol“CSCW.”OnSeptember14,2022,theclosingsalepriceofourOrdinaryShareswas$0.12pershare. AsofSeptember13,2022,theaggregatemarketvalueofouroutstandingOrdinarySharesheldbynon-affiliateswasapproximately$18,405,435basedon167,322,136outstandingOrdinarySharesheldbynon-affiliates,andapersharepriceof$0.11,whichwasthereportedpriceontheNASDAQCapitalMarketofourOrdinarySharesonSeptember13,2022. WehaveretainedMaximGroup,LLCtoactastheexclusiveplacementagenttouseitsbesteffortstosolicitoffersfrominvestorstopurchasethesecuritiesinthisoffering.Theplacementagenthasnoobligationtobuyanysecuritiesfromusortoarrangeforthepurchaseorsaleofanyspecificnumberordollaramountofsecurities.TheplacementagentisnotpurchasingorsellinganyOrdinarySharesorwarrantsinthisoffering.Wewillpaytheplacementagentafeeequaltothesumof6.5%oftheaggregatepurchasepricepaidbyinvestorsplacedbytheplacementagent. Pursuanttoasecuritiespurchaseagreement(the“September2021SPA”)weenteredintowithcertaininstitutionalinvestors(the“September2021Investors”)datedSeptember24,2021,theSeptemberInvestorsareentitledtoarightofparticipationinoursubsequentofferingsforaperiodof12monthsfollowingthedateoftheSeptember2021SPA(“ParticipationRight”).TheSeptember2021Investorshaveagreedtoprovideaone-timewaiveroftheirParticipationRightsolelywithrespecttothisofferingandtheParticipationRightshallotherwiseremaininfullforceandeffect. PursuanttoaplacementagentagreementweenteredintowithFTGlobalCapital,Inc.(“FTGlobal”)datedSeptember24,2021(the“September2021PAA”),wewillissuetoFTGlobalwarrants(the“TailFeeWarrants”)topurchase1,725,000OrdinarySharesonsubstantiallythesametermsastheInvestorWarrantssoldinthisoffering,exceptthattheTailFeeWarrantsshallnotbeexercisableforaperiodofsixmonthsandshallexpire36monthsafterissuance,andshallhavenoanti-dilutionprotectionotherthanadjustmentsbasedonstocksplits,stockdividends,combinationsofsharesandsimilarrecapitalizationtransactions.TheTailFeeWarrantsandOrdinarySharesunderlyingsuchwarrantarebeingregisteredherein. Weestimatethetotalexpensesofthisoffering,excludingtheplacementagencyfees,willbeapproximately$0.5million.Becausethereisnominimumofferingamount,theactualofferingamount,theplacementagencyfeesandnetproceedstous,ifany,inthisofferingmaybesubstantiallylessthanthetotalofferingamountssetforthabove.Wearenotrequiredtosellanyspecificnumberordollaramountofthesecuritiesofferedinthisoffering.Afterdeductingfeesduetotheplacementagentandourestimatedofferingexpenses,weexpectthenetproceedstousfromthisofferingwillbeapproximately$4.7million,notincludingtheexerciseofanywarrants.WeexpecttodeliverthesharesandInvestorWarrantstothepurchasersonorbeforeSeptember19,2022. PerUnit Total Publicofferingprice $0.08 $5,600,000 Placementagencyfees(1) $0.0052 $364,000 Offeringproceedstous,beforeexpenses $0.0748 $5,236,000 (1)See“PlanofDistribution”foradditionalinformationregardingtotalcompensationpayabletotheplacementagent,includingexpensesforwhichwehaveagreedtoreimbursetheplacementagent. OurbusinessandholdingourOrdinarySharesinvolveahighdegreeofrisk.See“RiskFactors”beginningonpageS-6ofthisprospectussupplement,onpage5oftheaccompanyingbaseprospectusandtheriskfactorsdescribedinthedocumentsincorporatedbyreferenceintothisprospectussupplementandtheaccompanyingbaseprospectusformoreinformation. NeithertheSecuritiesandExchangeCommissionnoranystatesecuritiescommissionhasapprovedordisapprovedofthesesecuritiesordeterminedifthisprospectussupplementortheaccompanyingbaseprospectusistruthfulorcomplete.Anyrepresentationtothecontraryisacriminaloffense. MaximGroup,LLC ThedateofthisprospectussupplementisSeptember