ChineseNewsBreaks – Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) Announces $7.59 Million Registered Direct Offering

Company: Blue Hat Interactive Entertainment Technology (BHAT)
Category: News

Blue Hat Interactive (NASDAQ: BHAT), a leading producer, developer and operator of augmented reality interactive entertainment games, toys and educational materials in China , has entered into a securities purchase agreement with two institutional investors. The agreement outlines the purchase and sale of more than 7 million of its ordinary shares. The registered direct offering shares were offered  at a price of $1.06 per share and resulted in total gross proceeds of $7,589,600, before fees and other estimated offering expenses are deducted. In addition, BHAT agreed to issue to the investors unregistered warrants to purchase up to 3,580,000 ordinary shares in a concurrent private placement; those warrants will be exercisable immediately at an exercise price of $1.33 per share with an expiration date of three years after the date of issuance. It is anticipated that the registered direct offering and private placement will close on or about Feb. 3, 2021 , subject to customary closing conditions. The announcement noted that following the closing of the offering and after allowing the issuance of the 7,160,000 ordinary shares in the registered direct offering, 46,973,660 ordinary shares will be outstanding.

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About Blue Hat Interactive Entertainment Technology

Blue Hat Interactive is a producer, developer and operator of AR interactive entertainment games and toys in China, including interactive educational materials, mobile games and toys with mobile game features. The company’s interactive entertainment platform creates unique user experiences by connecting physical items to mobile devices, which creates a rich visual and interactive environment for users through the integration of real objects and virtual scenery. Distinguished by its own proprietary technology, Blue Hat aims to create an engaging, interactive and immersive community for its users. For more information about the company, please visit

NOTE TO INVESTORS: The latest news and updates relating to BHAT are available in the company’s newsroom at

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