ChineseNewsBreaks – Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) Secures $7.59M in Registered Direct Offering
Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT), a leading producer, developer and operator of augmented reality ("AR") 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. Blue Hat secured gross proceeds of $7,589,600, before deducting the placement agent's fees and other estimated offering expenses, with each of the shares sold at a price of $1.06. The company also issued to the investors unregistered warrants to purchase up to 3,580,000 ordinary shares in a concurrent private…