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Blue Hat Interactive Entertainment Technology Announces the Closing of a Registered Direct Offering of $5 66 Million

Share this article Share this article XIAMEN, China, May 10, 2021 /PRNewswire/  Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT), a leading producer, developer and operator of augmented reality interactive entertainment games, toys and educational materials in China, today announced that it has closed a registered direct offering with two institutional investors, for the purchase and sale of 6,290,000 of its ordinary shares at a price of $0.90 per share, resulting in total gross proceeds of approximately $5.66 million, before deducting the placement agent s fees and other estimated offering expenses. The Company also issued to the investors unregistered warrants to purchase up to 4,088,500 ordinary shares in a concurrent private placement. The warrants have an exercise price of $1.12 per share, will be exercisable immediately and will expire three years following the date of issuance. The Company has 53,417,200 ordinary shares outstanding after the closing.

Blue Hat Interactive Entertainment Technology Announces $5 66 Million Registered Direct Offering

Share this article Share this article XIAMEN, China, May 6, 2021 /PRNewswire/  Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT), a leading producer, developer and operator of augmented reality interactive entertainment games, toys and educational materials in China, today announced that it has entered into a securities purchase agreement with two institutional investors, providing for the purchase and sale of 6,290,000 of its ordinary shares at a price of $0.90 per share in a registered direct offering, resulting in total gross proceeds of $5,661,000, before deducting the placement agent s fees and other estimated offering expenses. The Company also agreed to issue to the investors unregistered warrants to purchase up to 4,088,500 ordinary shares in a concurrent private placement. The warrants have an exercise price of $1.12 per share, will be exercisable immediately and will expire three years following the date of issuance.

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