Blue Hat Interactive Entmt Tec Stock Price, News & Analysis

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) has received a delisting notice from Nasdaq on January 24, 2025, due to non-compliance with the Low Priced Stocks Rule, as the company's shares traded at $0.10 or less for ten consecutive trading days from January 8-23, 2025.

This notice follows a previous September 6, 2024 notification regarding non-compliance with the minimum $1.00 bid price requirement, for which the company had until March 5, 2025 to regain compliance. The new delisting determination has terminated this compliance period early.

Blue Hat has until January 31, 2025, to request a hearing to appeal the delisting determination. If requested, the company's shares will continue trading on Nasdaq during the appeal process. Without an appeal, trading will be suspended on February 4, 2025. The company is exploring options to regain compliance, including a potential reverse stock split.

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) has announced a $4.3 million registered direct offering of 77,989,800 Ordinary Shares. The shares are being sold at $0.055 per share to several institutional investors.

The offering is expected to close around January 14, 2025, subject to customary closing conditions. Maxim Group serves as the sole placement agent. The offering is being conducted under a shelf registration statement on Form F-3 that was declared effective by the SEC on January 26, 2024.

The final proceeds will be determined after deducting placement agent fees and other estimated offering expenses.

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) has announced a registered direct offering of 55,950,000 Ordinary Shares at $0.07 per share, aiming to raise approximately $3.9 million in gross proceeds. The offering is expected to close around January 10, 2025, subject to customary closing conditions.

The shares are being offered through a shelf registration statement on Form F-3, which was declared effective by the SEC on January 26, 2024. Maxim Group is serving as the sole placement agent for the offering. The company will file a prospectus supplement related to the offering with the SEC.

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) has announced a $4.4 million registered direct offering of 55,200,000 Ordinary Shares. The shares are being sold at $0.08 per share to several institutional investors. The offering is expected to close around January 7, 2025, subject to customary closing conditions.

Maxim Group is serving as the sole placement agent for the offering. The shares are being offered through a shelf registration statement on Form F-3 that was declared effective by the SEC on January 26, 2024. The final proceeds will be determined after deducting placement agent fees and other offering expenses.

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement. The company's stock failed to maintain a closing bid price of at least $1.00 for 30 consecutive business days from July 25 to September 5, 2024. Blue Hat has until March 5, 2025, to regain compliance by having its stock close at or above $1.00 for a minimum of 10 consecutive business days. If unsuccessful, the company may be eligible for an additional compliance period, provided it meets certain criteria. Failure to comply could result in delisting from Nasdaq. The company's board will consider options to achieve compliance if necessary.

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) has executed a 1,000-kilogram gold delivery, marking the launch of its gold supply chain business. This follows a framework agreement signed in October 2023 with Macau Rongxin Precious Metals Technology. The purchase price was approximately $66.49 per gram, totaling about $66.49 million. BHAT plans to leverage this gold in its supply chain business, providing gold to refineries, wholesalers, and retailers. CEO Chen Xiaodong stated that this delivery represents a important advancement in the bulk commodity trading sector, underlining BHAT's commitment to expanding its international market presence and strengthening its financial position.

Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) is expanding into gold trading amid rising gold prices and economic optimism. The company has formed strategic partnerships with Sichuan Jinyinghe Industrial Co., in Shenzhen and GTC Group in Dubai. Blue Hat's subsidiary, Golden Alpha Strategy , has obtained a Dealers in Precious Metals and Stones Category A Registration from Hong Kong Customs and Excise Department.

Blue Hat plans to integrate artificial intelligence into its offerings, including an intelligent gold supply chain and recycling system, and a sophisticated gold derivatives trading platform. The company aims to generate revenue from various aspects of the gold supply chain, not just from buy-sell spreads. Blue Hat is targeting the Shenzhen Shuibei market, known as the 'World's Gem City,' which accounts for over 50% of China's domestic gold and jewelry wholesale market.

Blue Hat Interactive Entertainment Technology (Nasdaq: BHAT) and Sichuan Jinyinghe Industrial Co. have signed a framework cooperation agreement to establish a leading gold supply chain company. This collaboration aims to integrate industrial resources and international financial capital to address issues in the gold industry and promote innovation. With recent increases in gold reserves by central banks, the gold industry is poised for high-quality development. The new company will expand gold sourcing channels and offer leasing and consignment sales services. Blue Hat expects to capture over 10% of the Shenzhen Shuibei market within three years, achieving sales of over RMB 200 billion. The partnership will focus on business structure, operational procedures, and risk management to build a top-notch gold supply chain enterprise.

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) announced that its subsidiary, Golden Alpha Strategy , has secured a Class A License from the Hong Kong Customs and Excise Department. This license enables the company to trade precious metals and stones, aligning with the regulatory measures to combat money laundering and terrorist financing, implemented on April 1, 2023. CEO Chen Xiaodong emphasized the significance of this license in fostering business transformation and international development. The license will also allow collaboration with Macau Rongxin Precious Metals Company to enhance the gold supply chain and recycling system. BHAT aims to leverage AI technology to optimize commodity trading, focusing on precious metals.