Core Viewpoint - Blue Hat Interactive Entertainment Technology has received a delisting determination from Nasdaq due to non-compliance with the Low Priced Stocks Rule, as its securities had a closing bid price of $0.10 or less for ten consecutive trading days from February 23, 2026, to March 6, 2026 [1][2]. Group 1: Delisting Details - The Nasdaq has determined to delist the Company's ordinary shares from The Nasdaq Capital Market due to the low bid price [1][2]. - The Company was previously under a mandatory panel monitor until April 2, 2026, after regaining compliance with Nasdaq's minimum bid price requirement on April 2, 2025 [2]. - The trading of the Company's ordinary shares will be suspended at the opening of business on March 16, 2026, and a Form 25-NSE will be filed with the SEC to remove the Company's securities from listing [3]. Group 2: Appeal Process - The Company has submitted a request for a hearing before the Nasdaq hearings panel to seek continued listing on The Nasdaq Capital Market [4]. - There is no assurance that the Company's appeal will be successful or that it will ultimately be able to continue its listing [4]. Group 3: Company Background - Blue Hat was formerly a provider of communication services and is now focused on AR interactive entertainment games, toys, and educational materials in China [5]. - The Company is expanding its business into commodity trading, aiming to become a leading intelligent commodity trader worldwide [5].

Core Viewpoint - Blue Hat Interactive Entertainment Technology has announced a share repurchase program to buy back up to $1 million of its outstanding ordinary shares, reflecting the company's confidence in its long-term growth prospects [1]. Group 1: Share Repurchase Program - The share repurchase program is authorized for the next six months and will be funded through a combination of cash on hand and cash generated from operations [1]. - The company may repurchase shares on the open market or in privately negotiated transactions, adhering to applicable federal securities laws [2]. - The timing and actual number of shares repurchased will depend on various factors, including regulatory restrictions and market conditions [2]. Group 2: Company Background - Blue Hat was previously a provider of communication services and is now focused on AR interactive entertainment games, toys, and educational materials in China [3]. - The company is expanding its business into commodity trading, aiming to become a leading intelligent commodity trader worldwide [3].

Core Viewpoint - Blue Hat Interactive Entertainment Technology is implementing a 1-for-50 reverse stock split effective March 9, 2026, to adjust its share structure and enhance its market position [1][2][3] Group 1: Reverse Stock Split Details - The reverse stock split will convert every 50 shares of the Company's ordinary shares into one share, changing the par value from $0.0000001 to $0.000005 per share [2] - As of March 3, 2026, the Company has 154,912,000 ordinary shares issued and outstanding, which will be adjusted post-split [1] - The new CUSIP number for the ordinary shares after the reverse stock split will be G1329V 122 [1] Group 2: Company Background - Blue Hat was previously engaged in communication services and is now focused on AR interactive entertainment games, toys, and educational materials in China [4] - The Company is expanding into commodity trading, aiming to become a leading intelligent commodity trader globally [4]

Core Viewpoint - Blue Hat Interactive Entertainment Technology plans to implement a 1-for-50 reverse stock split effective March 6, 2026, to adjust its share structure and potentially enhance its market position [1][2][3] Group 1: Reverse Stock Split Details - The reverse stock split will convert every 50 shares of the Company's ordinary shares into one share, changing the par value from $0.0000001 to $0.000005 per share [2] - As of March 2, 2026, the Company has 113,012,000 ordinary shares issued and outstanding, which will be adjusted post-split [1] - No fractional shares will be issued; any resulting fractions will be rounded up to the next whole number [2] Group 2: Company Background - Blue Hat was previously focused on communication services and is now expanding into AR interactive entertainment games, toys, and educational materials in China [4] - The Company is leveraging its technological expertise and patented technology to enter the commodity trading sector, aiming to become a leading intelligent commodity trader globally [4]

Core Viewpoint - Blue Hat Interactive is experiencing significant stock price declines, with shares approaching critical lows and a recent drop of over 70% [5] Group 1: Stock Performance - Blue Hat Interactive shares were down 75.17% at $0.11, marking a new 52-week low according to Benzinga Pro data [5] Group 2: Warrant Structure and Dilution Risk - The company is selling 32 million units at 20 cents each, consisting of one ordinary share and one warrant to buy another share at the same price, which increases the underlying share count [2] - The warrants are immediately exercisable for one year and can reset the exercise price to 70% and then 50% of the initial level on the second and fifth trading days after closing, heightening dilution risk [2] - Holders may opt for a cashless, zero-exercise feature that delivers twice the number of shares compared to a standard cash exercise, further increasing potential dilution [3] Group 3: Strategic Shift - Proceeds from the offering are expected to be used for working capital and general corporate purposes as the company pivots from its legacy augmented-reality games business toward global commodity trading [4]

Core Viewpoint - Blue Hat Interactive Entertainment Technology has announced a public offering of 32,000,000 Units at a price of US$0.20 per Unit, aiming to raise approximately US$6.4 million before expenses [1][3]. Offering Details - Each Unit consists of one ordinary share and one warrant, with the warrant initially exercisable for one ordinary share at an exercise price of US$0.20 [1][2]. - The warrants will expire one year from issuance and can be exercised immediately, with adjustments to the exercise price occurring on the 2nd and 5th trading days post-offering [2]. - The offering is expected to close on February 23, 2026, subject to customary closing conditions [3]. Underwriter Information - Maxim Group LLC is acting as the sole underwriter for the offering [5]. - The underwriter has a 15-day option to purchase up to 4,800,000 additional Units, which may include ordinary shares and/or warrants [4]. Company Background - Blue Hat was previously involved in communication services and is now expanding into commodity trading, aiming to become a leading intelligent commodity trader globally [8].

Industry Overview - The annual growth rate of gold prices in 2025 is recognized as one of the strongest years in gold history, driven by geopolitical tensions, a downward shift in global interest rates, and increased gold purchases by national central banks [1] - Analysts predict that gold will maintain strong momentum in 2026, with some Wall Street investment banks raising year-end target prices to between US$5,000 and US$5,400 per ounce [1] Company Strategy - Blue Hat Interactive Entertainment Technology Co., Ltd. has completed multiple rounds of gold purchases since 2023, positioning itself to capitalize on the rising gold prices [2] - The company’s management believes that the record high gold prices present opportunities to expand upstream and downstream business within the gold industry chain [2] - The CEO of Blue Hat indicated that the company strategically entered the gold trading business based on macroeconomic assessments, anticipating a long-term rise in gold prices due to monetary system uncertainties and geopolitical tensions [3] Gold Purchases - Blue Hat has made significant gold purchases, including an initial batch of 1,000 kg in 2024, followed by an additional 500 kg in August 2025, and another 200 kg in November 2025 [6] - These purchases are foundational for establishing the company's gold trading business and are aligned with the upward trend in gold prices [6] Future Focus - The company plans to explore innovative business models within the gold industry chain and aims to become a leading gold trading company in Asia [4] - Future opportunities include upstream gold ore trade, real-world asset solutions related to the gold supply chain, and gold derivatives in collaboration with financial institutions and industrial partners [7]

As filed with the Securities and Exchange Commission on February 9, 2026 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 BLUE HAT INTERACTIVE ENTERTAINMENT TECHNOLOGY (Exact name of registrant as specified in its charter) Cayman Islands 3942 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (IRS Employer Identifica ...

Group 1 - The core viewpoint of the article highlights the financial performance and market position of Blue Hat Interactive Entertainment Technology, indicating a significant decline in revenue but an improvement in net profit [1] Group 2 - As of December 15, Blue Hat's stock opened at $1.425 per share, reflecting a 2.52% increase, with a total market capitalization of $52.62 million [1] - The company's total revenue for the year ending December 31, 2024, is reported at $18.72 million, representing a year-on-year decrease of 74.59% [1] - Blue Hat's net profit attributable to shareholders is reported at -$9.52 million, showing a year-on-year increase of 50.64% [1] - Blue Hat is identified as a leading provider and developer of communication services and Internet Data Center (IDC) operations in China, also involved in mobile gaming and augmented reality (AR) educational products [1] - The company aims to create an engaging, interactive, and immersive community for users through its proprietary technology [1]

Core Insights - Blue Hat Interactive Entertainment Technology has established a subsidiary in Malaysia, marking its entry into the Southeast Asian gold market, with Malaysia as the focal point [1][4] - The Malaysian gold market has shown significant growth, with demand for gold bars and coins increasing by over 38% from Q3 2024 to Q3 2025, and gold investment demand reaching 2.5 tonnes in Q1 2025, a year-on-year increase of 34% [1][2] Market Demand and Growth - Malaysia's gold jewelry retail market is projected to grow at a compound annual growth rate (CAGR) of 6.3%, increasing from RM 18.3 billion in 2025 to RM 23.4 billion in 2029 [2] - The rise of digital investment channels, such as bank gold savings accounts and gold ETFs, is attracting younger investors, contributing to market growth alongside traditional retail [2] Industrial Foundation - Malaysia is a significant global hub for gold processing and manufacturing, with Penang contributing approximately 80% of the country's gold jewelry production [2] - The complete industry chain from production to retail enhances Malaysia's position in the global gold market [2] Policy Environment - Malaysia offers a favorable business environment for the gold market, with no import or export tariffs on gold bars and jewelry, and tax exemptions for products meeting the "Investment Precious Metals (IPM)" standard [3] - These policies reduce transaction costs and enhance Malaysia's competitiveness as a global gold trade and investment hub [3] Company Strategy - Blue Hat aims to expand its gold trade business in Southeast Asia, leveraging Penang's industrial ecosystem and regional influence [4] - The company has completed transactions of 200,000 grams of gold since commencing its gold trade business, focusing on integrating channel resources to solidify its business position [5]