Welcome to our dedicated page for Blue Hat Interactive Entmt Tec news (Ticker: BHAT), a resource for investors and traders seeking the latest updates and insights on Blue Hat Interactive Entmt Tec stock.
Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) generates news that reflects its ongoing transformation into a gold-focused commodity trading and technology company. Historically active in AR interactive entertainment and communication services, Blue Hat’s recent announcements concentrate on physical gold acquisitions, trading volumes, and strategic moves in the precious metals sector.
News updates highlight the company’s procurement and holding of substantial physical gold, including a reported 1-ton position and additional purchases through share-settled gold purchase agreements. Releases also describe completed gold trading volumes in the hundreds of kilograms, illustrating how Blue Hat combines long-term gold holdings with active trading operations and related services.
Investors following BHAT news will find disclosures about the establishment of a Malaysian subsidiary in Penang to support expansion into the Southeast Asian gold market, as well as the development of a gold trading network spanning Hong Kong and Southeast Asia. Articles also cover the company’s cooperation with Axis Capital Group on a gold Real World Asset tokenization project, which aims to digitize fully reserved gold on blockchain infrastructure.
Regulatory and corporate developments are another key theme in Blue Hat’s news flow. The company has reported a 1-for-100 reverse stock split, Nasdaq minimum bid price compliance updates, adoption of a 2025 Equity Incentive Plan, governance changes such as the resignation of a director and joint CEO, and shareholder approvals for a merger with Lanjin Technology Co., LTD and share consolidations. For readers tracking BHAT, this news page aggregates these operational, strategic, and capital market updates in one place.
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.
Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) announced on December 16, 2021 that it received a 180-day extension from Nasdaq to meet its minimum bid price requirement of $1.00 per share. The Company now has until June 13, 2022 to regain compliance by maintaining this price for 10 consecutive trading days. Blue Hat was previously notified on June 23, 2021 of its non-compliance.
The extension provides the Company a critical opportunity to bolster its stock performance.
Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) reported significant financial growth for Q3 and the first nine months of 2021. Total revenues surged by 235.6% to $13.3 million in Q3, driven by the IDC and mobile gaming sectors. Nine-month revenues reached $31.3 million, up 254.3% year-over-year. Gross profit for Q3 climbed 94.3% to $5.4 million, with net income up 21.5% to $2.0 million. The company maintained $11.9 million in cash as of September 30, 2021. CEO Xiaodong Chen expressed confidence in ongoing growth and strategic investments.
Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) reported significant financial growth for Q2 and H1 2021. Q2 revenues surged to US $8.0 million, up 206.4% year-over-year, driven by mobile games and communication services. Gross profit reached US $4.7 million, a 138.4% increase, while income from operations rose by 159.0% to US $1.9 million. Net income fell to US $0.2 million due to increased expenses. H1 revenues reached US $17.9 million, with gross profit at US $8.8 million. The company had US $11.5 million in cash as of June 30, 2021.
Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) announced the signing of cooperation agreements with 10 kindergartens in Jinfeng District, Yinchuang, Ningxia, to implement an AR personal safety and awareness course. This initiative follows a successful exhibition in July 2021 attended by over 80 kindergartens. Supported by the local government and educational authorities, the program aims to enhance early children's education through AR technology. CEO Xiaodong Chen expressed optimism for nationwide promotion to improve children's safety awareness.