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Stock impact report

Blue Hat Announces Pricing of $4.4 Million Registered Direct Offering

Blue Hat Interactive Entertainment Technology - Ordinary Shares (BHAT) 
Company Research Source: GlobeNewswire
XIAMEN, China, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Blue Hat Interactive Entertainment Technology (“Blue Hat” or the “Company”) (NASDAQ: BHAT), today announced that it has entered into securities purchase agreements with several institutional investors to purchase an aggregate of 55,200,000 Ordinary Shares (the “Ordinary Shares”) in a registered direct offering. The Ordinary Shares are being sold at an offering price of $0.08 per share. The gross proceeds to the Company from the registered direct offering are estimated to be approximately $4.4 million before deducting the placement agent’s fees and other estimated offering expenses payable by the Company. The offering is expected to close on or about January 7, 2025, subject to the satisfaction of customary closing conditions. Maxim Group LLC is acting as the sole placement agent in connection with the offering. The Ordinary Shares are being offered pursuant to a shelf registration statement on Form F-3 (File No. 333-274893), which Show less Read more
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