Blue Hat Interactive Entmt Tec Stock Price, News & Analysis

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) announced the upcoming release of its simulated business strategy game, “Cute Monopoly”, which will support multiple languages including Chinese, English, Japanese, and Korean. Players start without money and work to establish business empires through strategic gameplay. CEO Xiaodong Chen expressed confidence in the game’s potential to generate significant economic benefits for the company, as web games continue to grow globally.

Blue Hat focuses on AR interactive entertainment games in China.

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) has entered into two Securities Purchase Agreements for the sale of 1,000,000 ordinary shares at $3.60 each, totaling $3.6 million. The first tranche of $1,440,000 is expected to close around July 13, 2022, with the second tranche of $2,160,000 closing later in July. Proceeds will be used for working capital and general corporate purposes. The Offering is conducted under the Company’s shelf Registration Statement with the SEC, with details available through their website.

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) has announced it will not proceed with its previously planned underwritten public offering of ordinary shares and pre-funded warrants. No securities were sold under the Company’s shelf registration statement (No. 333-249056) related to this offering. The decision highlights the Company's focus on maintaining its capital structure without dilution to existing shareholders. Blue Hat operates in the augmented reality interactive entertainment sector in China, developing mobile games and educational materials.

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) announced plans for an underwritten public offering of its ordinary shares and pre-funded warrants. The offering will be priced at the same rate per share, minus a $0.01 exercise fee for pre-funded warrants. Proceeds will be allocated for working capital, product portfolio enhancements, and administrative costs. Market conditions will dictate the offering's completion, and an overallotment option for an additional 15% will be granted to the underwriter for 45 days post-closing.

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) has announced the successful regaining of compliance with Nasdaq's minimum bid price requirement, as confirmed by a letter received on June 13, 2022. The company previously fell short of this requirement, receiving its first notification on June 18, 2021. Following a 1-for-10 reverse stock split on May 27, 2022, Blue Hat's shares have maintained a closing bid price of at least $1.00 for 10 consecutive business days as of June 10, 2022, thus closing this matter with Nasdaq.

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) announced a 1-for-10 reverse stock split of its ordinary shares effective May 27, 2022. The split means that every 10 shares will convert into one share, with no fractional shares issued; any fractions will be rounded up. This decision was approved by both the company's board and shareholders. Post-split trading will occur on the Nasdaq Capital Market under the ticker 'BHAT'. This action aims to improve the share price and enhance the company's market position.

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) announced the launch of its integrated Content Delivery Network (CDN) platform by its subsidiary, Xunpusen Technology. This platform enhances network performance, addressing bandwidth issues during high traffic. With over 2,000 nodes, including 500 overseas, it currently services 800,000 customers and manages around 7 million domain names. The platform aims to improve content delivery for enterprise clients, supported by leading cloud providers in China. CEO Xiaodong Chen expressed optimism about future growth opportunities for Xunpusen and its B2B customer base.

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) announced an expansion of its cooperation with JD Cloud, authorizing its subsidiary, Xunpusen Technology, as a core channel partner. This follows a previous agreement in October 2021 for SMS channel services. With this new certification, Xunpusen aims to enhance its IDC business and foster resource exchange between both entities. CEO Xiaodong Chen emphasized the importance of industry partnerships for growth and the focus on developing core technologies and platforms.

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) announced its subsidiary, Fujian Zhongqing Hand in Hand Education Technology Co., Ltd., has signed agreements to provide AR education courses to 36 kindergartens across eight cities in China, including Shanghai and Shenzhen. The partnerships, including one with Little Venus International Education Group, will implement various AR curricula, enhancing early education experiences. Funding from the Education Bureau of Tong'an District supports the AR personal safety course in Xiamen. Blue Hat aims to expand its AR offerings further in the education sector.