Blue Hat OKs $1 Million Share Buyback Program
Blue Hat Interactive Entertainment Technology reported that its board has authorized a share repurchase program to buy back up to $1 million of its outstanding ordinary shares.
Rhea-AI Filing Summary
Blue Hat Interactive Entertainment Technology reported that its board has authorized a share repurchase program to buy back up to $1 million of its outstanding ordinary shares. The program is expected to run for the next six months and will be funded with cash on hand and cash generated from operations.
The company may repurchase shares on the open market, through privately negotiated transactions, or by other methods permitted under U.S. securities laws, including Rule 10b5-1 and Rule 10b-18. Management states that this decision reflects confidence in Blue Hat’s long-term growth prospects as it continues expanding from entertainment into global commodity trading.
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Insights
Blue Hat adds a modest, flexible $1 million buyback over six months.
Blue Hat has authorized a share repurchase program of up to $1 million in ordinary shares over the next six months. Repurchases can occur on the open market, via privately negotiated deals, or other methods consistent with Rule 10b5-1 and Rule 10b-18.
The company plans to fund these purchases using cash on hand and cash generated from operations, which indicates it expects sufficient liquidity to support both operations and the buyback. The stated rationale is confidence in long-term growth prospects as the business shifts further toward commodity trading.
The actual impact will depend on how many shares are repurchased, the prices paid, and market conditions during the six-month window. Future disclosures in company communications or subsequent SEC submissions may quantify executed repurchases and clarify how actively the program is used.
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What did Blue Hat Interactive Entertainment Technology (BHAT) announce in its latest 6-K?
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
For the month of March 2026
Commission File Number: 001-39001
Blue Hat Interactive Entertainment Technology
(Translation of registrant’s name into English)
7th Floor, Building C, No. 1010 Anling Road
Huli District, Xiamen, China 361009
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form 40-F ☐
Blue Hat Interactive Entertainment Technology, a Cayman Islands exempted company (the “Company”) furnishes under the cover of Form 6-K the following:
Exhibits.
| Number | ||
| 99.1 | Press Release dated March 6, 2026, announcing the Company’s Share Buyback Program. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
Blue Hat Interactive Entertainment Technology | ||
| Date: March 6, 2026 | By: | /s/ Xiaodong Chen |
| Name: | Xiaodong Chen | |
| Title: | Chief Executive Officer | |
| (Principal Executive Officer) | ||
EXHIBIT 99.1
Blue Hat Interactive Entertainment Technology Announces Share Repurchase Program
Xiamen, China – March 6, 2026: Blue Hat Interactive Entertainment Technology (“Blue Hat” or the “Company”) (NASDAQ: BHAT), a Cayman Islands exempted company, today announced that its board of directors has authorized a share repurchase program to buy back up to $1 million of its outstanding ordinary shares. This program reflects the Company’s confidence in its long-term growth prospects. The share repurchase program is expected for the next six months. The Company intends to fund the repurchases through a combination of cash on hand and cash generated from operations.
The Company may repurchase shares of its ordinary shares from time to time on the open market or in privately negotiated transactions, or otherwise in accordance with applicable federal securities laws, including Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934. The timing and actual number of shares repurchased will depend on a variety of factors including regulatory restrictions on price, manner, timing, volume, corporate, and other regulatory requirements and other market conditions in an effort to minimize the impact of the purchases on the market for the stock.
About Blue Hat Interactive Entertainment Technology
Blue Hat was formerly a provider of communication services, as well as a producer, developer, and operator of AR interactive entertainment games, toys, and educational materials in China. Leveraging years of technological accumulation and unique patented technology, Blue Hat is expanding its business to commodity trading, aiming to become a leading intelligent commodity trader worldwide. For more information, please visit the Company’s investor relations website at http://ir.bluehatgroup.com. The Company routinely provides important information on its website.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the Company’s SEC filings. These risks and uncertainties could cause the Company’s actual results to differ materially from those indicated in the forward-looking statements.
Contact Information:
Blue Hat Interactive Entertainment Technology
Phone: +86 (592) 228-0010
Email: ir@bluehatgroup.net