UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of
1934
(Amendment No. )*
Huitao Technology Co., Ltd.
(Name of Issuer)
Ordinary shares, $0.001 par value per share
(Title of Class of Securities)
BJ849J8
(CINS Number)
March 31, 2020
(Date of Event Which Requires Filing of
this Statement)
Check the appropriate box to designate
the rule pursuant to which this Schedule is filed:
*The remainder of this cover page shall
be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for
any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder
of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of
1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions
of the Act (however, see the Notes).
1.
|
Names of Reporting Persons.
|
|
|
|
Mitchell P. Kopin
|
2.
|
Check the Appropriate Box if a Member of a Group (See Instructions)
|
|
|
|
(a)
|
|
(b)
|
3.
|
SEC Use Only
|
|
|
4.
|
Citizenship or Place of Organization
United States of America
|
Number of
Shares Beneficially
Owned by Each
Reporting
Person With:
|
5.
|
Sole Voting Power
0
|
6.
|
Shared Voting Power
681,819
|
7.
|
Sole Dispositive Power
0
|
8.
|
Shared Dispositive Power
681,819
|
9.
|
Aggregate Amount Beneficially Owned by Each Reporting Person
681,819 (see Item 4)
|
10.
|
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
|
|
|
11.
|
Percent of Class Represented by Amount in Row (9)
3.7% (see Item 4)
|
12.
|
Type of Reporting Person (See Instructions)
|
|
|
|
IN; HC
|
1.
|
Names of Reporting Persons.
|
|
|
|
Daniel B. Asher
|
2.
|
Check the Appropriate Box if a Member of a Group (See Instructions)
|
|
|
|
(a)
|
|
(b)
|
3.
|
SEC Use Only
|
|
|
4.
|
Citizenship or Place of Organization
United States of America
|
Number of
Shares Beneficially
Owned by Each
Reporting
Person With:
|
5.
|
Sole Voting Power
0
|
6.
|
Shared Voting Power
681,819
|
7.
|
Sole Dispositive Power
0
|
8.
|
Shared Dispositive Power
681,819
|
9.
|
Aggregate Amount Beneficially Owned by Each Reporting Person
681,819 (see Item 4)
|
10.
|
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
|
|
|
11.
|
Percent of Class Represented by Amount in Row (9)
3.7% (see Item 4)
|
12.
|
Type of Reporting Person (See Instructions)
|
|
|
|
IN; HC
|
1.
|
Names of Reporting Persons.
|
|
|
|
Intracoastal Capital LLC
|
2.
|
Check the Appropriate Box if a Member of a Group (See Instructions)
|
|
|
|
(a)
|
|
(b)
|
3.
|
SEC Use Only
|
|
|
4.
|
Citizenship or Place of Organization
Delaware
|
Number of
Shares Beneficially
Owned by Each
Reporting
Person With:
|
5.
|
Sole Voting Power
0
|
6.
|
Shared Voting Power
681,819
|
7.
|
Sole Dispositive Power
0
|
8.
|
Shared Dispositive Power
681,819
|
9.
|
Aggregate Amount Beneficially Owned by Each Reporting Person
681,819 (see Item 4)
|
10.
|
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
|
|
|
11.
|
Percent of Class Represented by Amount in Row (9)
3.7% (see Item 4)
|
12.
|
Type of Reporting Person (See Instructions)
|
|
|
|
OO
|
Item 1.
(a) Name of Issuer
Huitao Technology Co., Ltd. (the “Issuer”)
(b) Address of Issuer’s Principal
Executive Offices
800 3rd Ave, Suite
2800
New York, NY 10022
Item 2.
(a) Name of Person Filing
(b) Address of Principal Business Office or, if none,
Residence
(c) Citizenship
This Schedule 13G is being filed
on behalf of (i) Mitchell P. Kopin, an individual who is a citizen of the United States of America (“Mr. Kopin”),
(ii) Daniel B. Asher, an individual who is a citizen of the United States of America (“Mr. Asher”) and (iii)
Intracoastal Capital LLC, a Delaware limited liability company (“Intracoastal” and together with Mr. Kopin and
Mr. Asher, collectively the “Reporting Persons”).
The Reporting Persons have entered
into a Joint Filing Agreement, a copy of which is filed with this Schedule 13G as Exhibit 1, pursuant to which the Reporting
Persons have agreed to file this Schedule 13G jointly in accordance with the provisions of Rule 13d-1(k) of the Securities Exchange
Act of 1934, as amended.
The principal business office
of Mr. Kopin and Intracoastal is 245 Palm Trail, Delray Beach, Florida 33483.
The principal business office
of Mr. Asher is 111 W. Jackson Boulevard, Suite 2000, Chicago, Illinois 60604.
(d) Title of Class of Securities
Ordinary shares, $0.001 par value per share, of the Issuer
(the “Common Stock”).
(e) CINS Number
BJ849J8
Item 3. If this statement is filed pursuant
to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
Not applicable.
Item
4. Ownership.
(a) and (b):
(i) Immediately
following the execution of the Securities Purchase Agreement with the Issuer on March 31, 2020 (the “SPA”)
(as disclosed in the Form 6-K filed by the Issuer with the Securities and Exchange Commission on April 2, 2020), each of the Reporting
Persons may have been deemed to have beneficial ownership of 1,363,638 shares of Common Stock, which consisted of (i) 681,819
shares of Common Stock to be issued to Intracoastal at the closing of the transaction contemplated by the SPA and (ii) 681,819
shares of Common Stock issuable upon an exercise of a warrant to be issued to Intracoastal at the closing of the transaction contemplated
by the SPA (the “Intracoastal Warrant”), and all such shares of Common Stock in the aggregate represent beneficial
ownership of approximately 8.2% of the Common Stock, based on (1) 15,243,215 shares of Common Stock outstanding as of March 31,
2020 as reported by the Issuer, plus (2) 681,819 shares of Common Stock to be issued to Intracoastal at the closing of the transaction
contemplated by the SPA and (3) 681,819 shares of Common Stock issuable upon an exercise of the Intracoastal Warrant.
(ii) As of
the close of business on April 9, 2020, each of the Reporting Persons may have been deemed to have beneficial ownership of 681,819
shares of Common Stock issuable upon an exercise of the Intracoastal Warrant, and all such shares of Common Stock represented
beneficial ownership of approximately 3.7% of the Common Stock, based on (1) 15,243,215 shares of Common Stock outstanding as
of March 31, 2020 as reported by the Issuer, plus (2) 2,727,274 shares of Common Stock in the aggregate issued at the closing
of the transaction contemplated by the SPA, and (3) 681,819 shares of Common Stock issuable upon exercise of the Intracoastal
Warrant.
(c) Number of shares
as to which each Reporting Person has:
(i) Sole power to vote or to direct the vote: 0 .
(ii) Shared power to vote or to direct the vote:
681,819 .
(iii) Sole power to dispose or to direct the disposition
of 0 .
(iv) Shared power to dispose or to direct the disposition
of 681,819 .
Item
5. Ownership of Five Percent or Less of a Class
If this statement is being filed to
report the fact that as of the date hereof the reporting person has ceased to be
the beneficial owner of more than 5 percent of the class of securities, check the following ☑.
Item
6. Ownership of More than Five Percent on Behalf of Another Person.
Not applicable.
Item
7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company
Not applicable.
Item
8. Identification and Classification of Members of the Group
Not applicable.
Item
9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification
By signing below I certify
that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose
of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not
held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection
with a nomination under §240.14a-11.
SIGNATURE
After reasonable inquiry
and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: April 9, 2020
|
/s/ Mitchell
P. Kopin
|
|
Mitchell P. Kopin
|
|
|
|
/s/ Daniel
B. Asher
|
|
Daniel B. Asher
|
|
|
|
Intracoastal Capital LLC
|
|
|
|
|
By:
|
/s/ Mitchell
P. Kopin
|
|
|
Mitchell P. Kopin, Manager
|
Exhibit 1
JOINT FILING AGREEMENT
The undersigned acknowledge
and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent
amendments to this statement on Schedule 13G may be filed on behalf of each of the undersigned without the necessity of filing
additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments,
and for the completeness and accuracy of the information concerning him or it contained herein and therein, but shall not be responsible
for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason
to believe that such information is inaccurate.
Date: April 9, 2020
|
/s/
Mitchell P. Kopin
|
|
Mitchell
P. Kopin
|
|
|
|
/s/
Daniel B. Asher
|
|
Daniel
B. Asher
|
|
|
|
Intracoastal
Capital LLC
|
|
|
|
|
By:
|
/s/
Mitchell P. Kopin
|
|
|
Mitchell
P. Kopin, Manager
|
Page 8 of 8
Color Star Technology (NASDAQ:HHT)
Historical Stock Chart
From Mar 2024 to Apr 2024
Color Star Technology (NASDAQ:HHT)
Historical Stock Chart
From Apr 2023 to Apr 2024