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Zeta Network ( (ZNB) ) has provided an update.
On October 7, 2025, Zeta Network Group entered into a securities purchase agreement with institutional investors to issue and sell 800,000 Class A ordinary shares and pre-funded warrants for 14,200,000 shares in a registered direct offering. The offering closed on October 9, 2025, raising approximately $15 million in gross proceeds, intended for working capital and general corporate purposes. The company agreed to a 45-day restriction on issuing additional shares or engaging in variable rate transactions following the offering. The transaction involved Univest Securities, LLC as the exclusive placement agent, with a 7% fee on gross proceeds.
More about Zeta Network
Zeta Network Group is an entertainment and education company that offers online entertainment performances and online music education services. Its operations are conducted through subsidiaries Color Metaverse Pte. Ltd. and CACM Group NY, Inc., with its education services provided via the Color World music and entertainment education platform. The company was formerly known as Color Star Technology Co., Ltd. and rebranded to Zeta Network Group in August 2025.
Average Trading Volume: 7,623,011
Technical Sentiment Signal: Strong Sell
Current Market Cap: $1.02M
Learn more about ZNB stock on TipRanks’ Stock Analysis page.