Blue Hat Interactive Entertainment Technology (Blue Hat or the Company) (NASDAQ: BHAT) announced a registered direct offering of 55,950,000 Ordinary Shares to institutional investors at $0.07 per share.
The company anticipates gross proceeds of approximately $3.9 million before fees and expenses. The offering is scheduled to close around January 10, 2025, contingent upon customary closing conditions.
Maxim Group LLC is serving as the sole placement agent.
The Ordinary Shares are offered under a shelf registration statement (Form F-3, File No. 333-274893), declared effective by the SEC on January 26, 2024, and will be sold via a prospectus supplement.
This press release is not an offer to sell or a solicitation to buy securities where prohibited by law. A prospectus supplement will be filed with the SEC. Once available, the supplement and prospectus can be found on the SEC website (www.sec.gov) or from Maxim Group LLC, 300 Park Avenue, New York, NY 10022, Attention: Syndicate Department, via email at syndicate@maximgrp.com or by phone at (212) 895-3500.
About Blue Hat
Blue Hat, formerly a communications services provider and AR entertainment producer, now primarily focuses on commodity trading in China. More information is available on the company’s investor relations website: http://ir.bluehatgroup.com.
Forward-Looking Statements:
This release includes forward-looking statements subject to risks and uncertainties. Actual results may differ materially from predictions. Investors should carefully review the risks and uncertainties described in this release and the Company’s SEC filings.
Contact:
Blue Hat Interactive Entertainment Technology
Phone: +86 (592) 228-0010
Email:
