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XIAMEN, China, Feb. 4, 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 7,160,000 of its ordinary shares at a price of $1.06 per share, resulting in total gross proceeds of $7,589,600, 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 3,580,000 ordinary shares in a concurrent private placement. The warrants have an exercise price of $1.33 per share, will be exercisable immediately and will expire three years following the date of issuance. The Company has 46,973,660 ordinary shares outstanding after the closing.
Blue Hat Announces Preliminary 2020 Fourth Quarter Financial Results Highlighted by More Than 70% Increase in Revenue to Approximately US$20 Million
Company to Announce Full 2020 Fourth Quarter and Year-end Financial Results in March 2021
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XIAMEN, China, Jan. 29, 2021 /PRNewswire/ Blue Hat Interactive Entertainment Technology ( Blue Hat or the Company ) (NASDAQ: BHAT), a leading producer, developer and operator of augmented reality ( AR ) interactive entertainment games, toys and educational materials in China, today announced preliminary unaudited financial results for the fourth quarter ended December 31, 2020.
Fourth Quarter 2020 Highlights
Total revenues increased more than 70% to approximately US$20 million, compared to US$11.8 million in the prior-year period, primarily driven by the Company s new Internet Data Center ( IDC ) business, which saw significant growth following the strategic acquisition of Xunpusen Technology Co., Lt
/PRNewswire/ Blue Hat Interactive Entertainment Technology ("Blue Hat" or the "Company") (NASDAQ: BHAT), a leading producer, developer and operator of.