Core Viewpoint - Blue Hat Interactive Entertainment Technology is facing potential delisting from Nasdaq due to non-compliance with listing rules, specifically the Low Priced Stocks Rule, after its stock price closed at $0.10 or less for ten consecutive trading days [1][2]. Group 1: Delisting Notification - On January 24, 2025, Blue Hat received a notification from Nasdaq regarding non-compliance with the Low Priced Stocks Rule [1]. - The company had previously been notified on September 6, 2024, for closing below $1.00 per share for 30 consecutive business days, which provided a compliance period until March 5, 2025 [2]. - The recent delisting determination has ended the previous compliance period prematurely due to the stock price issue [2]. Group 2: Appeal Process - The company intends to request a hearing to appeal the delisting determination, which will temporarily stay the suspension of its securities [3]. - If the appeal is not requested by January 31, 2025, trading of the company's shares will be suspended on February 4, 2025, and a Form 25-NSE will be filed to remove the securities from Nasdaq [4]. Group 3: Compliance Options - Blue Hat is exploring various options to regain compliance, including the possibility of a reverse stock split pending shareholder approval [5]. Group 4: Company Background - Blue Hat was previously engaged in communication services and the development of AR interactive entertainment games and educational materials in China [6]. - The company is now expanding into commodity trading, aiming to become a leading intelligent commodity trader globally [6].

Group 1 - Blue Hat Interactive Entertainment Technology has entered into securities purchase agreements with institutional investors to sell 77,989,800 Ordinary Shares at an offering price of $0.055 per share [1][2] - The gross proceeds from this registered direct offering are estimated to be approximately $4.3 million before deducting fees and expenses [2] - The offering is expected to close on or about January 14, 2025, subject to customary closing conditions [2] Group 2 - The Ordinary Shares are being offered under a shelf registration statement on Form F-3, which was declared effective by the SEC on January 26, 2024 [3] - A prospectus supplement relating to the Ordinary Shares will be filed with the SEC [4] - Blue Hat was previously a provider of communication services and is now primarily engaged in commodity trading in China [5]

Core Viewpoint - Blue Hat Interactive Entertainment Technology has announced a registered direct offering of 55,950,000 Ordinary Shares at a price of $0.07 per share, aiming to raise approximately $3.9 million before expenses [1][2]. Group 1: Offering Details - The offering is expected to close on or about January 10, 2025, pending customary closing conditions [2]. - Maxim Group LLC is acting as the sole placement agent for this offering [2]. - The shares are being offered under a shelf registration statement on Form F-3, which was declared effective by the SEC on January 26, 2024 [3]. Group 2: Company Background - Blue Hat was previously involved in communication services and the development of AR interactive entertainment games, toys, and educational materials, but is now primarily engaged in commodity trading in China [5].

Core Viewpoint - Blue Hat Interactive Entertainment Technology has announced a registered direct offering of 55,200,000 Ordinary Shares at a price of $0.08 per share, aiming to raise approximately $4.4 million before expenses [1][2]. Group 1: Offering Details - The offering is expected to close on or about January 7, 2025, pending customary closing conditions [2]. - Maxim Group LLC is acting as the sole placement agent for this offering [2]. - The shares are being offered under a shelf registration statement declared effective by the SEC on January 26, 2024 [3]. Group 2: Company Background - Blue Hat was previously involved in communication services and the production of AR interactive entertainment games, toys, and educational materials, but is now primarily engaged in commodity trading in China [5].

Core Viewpoint - Blue Hat Interactive Entertainment Technology announced a significant increase in trading volume, with 1,000 shares traded at approximately $2,204.62, indicating a strong market interest in the company's stock [1]. Financial Performance - The stock price of Blue Hat Interactive was approximately $61.14 on October 10, 2023, and increased to about $80.61 by August 28, 2024, reflecting a notable rise in value [1]. - The trading price of BHAT shares was around $66.49, suggesting a robust performance in the market [1]. Market Activity - The company is experiencing heightened trading activity, which is expected to continue, indicating a positive outlook for future financial performance [1]. - The increase in trading volume is attributed to strong market interest and investor confidence in the company's prospects [1].

HONG KONG, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Blue Hat Interactive Entertainment Technology ("BHAT" or the "Company") (NASDAQ: BHAT) announced the execution of a 1,000-kilogram (approximately 2,204.62 pounds) gold delivery, officially marking the launch of its gold supply chain business. This delivery follows the framework agreement signed in October 2023 with Macau Rongxin Precious Metals Technology Co., Ltd. ("Macau Rongxin"), a company registered in Macau with registration number: 86918(SO) registered wit ...

HONG KONG, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) is emerging as a key player in gold trading industry. As reported by Reuters, since August 1st, 2024, gold prices have exhibited a mix of volatility and upward trends, influenced by various economic and geopolitical factors. Gold hit a notable high above $2,483 per ounce in July, supported by favorable market sentiment and political risks, indicating strong safe-haven demand​ while short-term corrections ...

Core Viewpoint - Blue Hat Interactive Entertainment Technology and Sichuan Jinyinghe Industrial Co., Ltd. have signed a framework cooperation agreement to establish a leading gold supply chain company, aiming to integrate industrial resources and international financial capital to address challenges in the gold industry and promote innovation [1][2]. Industry Summary - The gold industry is experiencing a transition from rapid growth to high-quality development, with central banks increasing gold reserves, leading to rising gold prices [2]. - Challenges in the gold industry include low levels of scale and concentration, limited financing channels, poor operational standards, and a lack of credit data, which hinder healthy development [2]. Company Summary - The new company will utilize market-oriented operational methods to expand gold sourcing channels and provide services such as gold leasing and consignment sales, with expectations to capture over 10% of the Shenzhen Shuibei market share and achieve sales exceeding RMB 200 billion within three years [3]. - Blue Hat's management emphasizes the importance of this collaboration in enhancing operational strength and market influence, while also introducing international resources to open gold circulation channels in regions like Southeast Asia and the Middle East [4]. - Blue Hat is transitioning from a provider of communication services and AR interactive entertainment to becoming a leading intelligent commodity trader, leveraging its technological expertise and patented technology [5].

HONG KONG, June 05, 2024 (GLOBE NEWSWIRE) -- Blue Hat Interactive Entertainment Technology, a NASDAQ listed company (hereinafter referred to as "BHAT"), recently announced that its wholly-owned Hong Kong subsidiary, Golden Alpha Strategy Ltd., has been granted Dealers in Precious Metals and Stones Category A Registration by Hong Kong Customs and Excise Department. This regulatory system, implemented by the Hong Kong government on April 1, 2023, aims to combat money laundering and terrorist financing activit ...

Company Overview - Blue Hat Interactive Entertainment Technology (BHAT) is a NASDAQ-listed company that has expanded its business scope from communication services, IDC business, and AR interactive entertainment games to include bulk trading of gems and precious metals [3] - The company aims to become a leading intelligent commodity trader worldwide by leveraging its technological accumulation and unique patented technology [3] Regulatory and Business Development - BHAT's wholly-owned Hong Kong subsidiary, Golden Alpha Strategy Ltd, has been granted Dealers in Precious Metals and Stones Category A Registration by Hong Kong Customs and Excise Department [1] - This registration is part of a regulatory system implemented by the Hong Kong government on April 1, 2023, to combat money laundering and terrorist financing activities [1] - The company is committed to conducting and facilitating commodity trading of precious metals and stones under legal and compliant conditions in Hong Kong and internationally [1] Strategic Initiatives and Future Plans - BHAT plans to actively expand its business in precious metals, aiming to bring more returns to investors [2] - The company will collaborate with Macau Rongxin Precious Metals Company to advance an innovative intelligent gold supply chain and recycling system [2] - BHAT emphasizes innovation and aims to leverage artificial intelligence technology to facilitate commodity trading, particularly in the precious metals sector [2] Leadership and Vision - Mr Chen Xiaodong, CEO of BHAT, highlighted the significance of the international license as a crucial step in the company's business transformation and international development [2] - The company is dedicated to conducting international business while fully complying with local and international laws [2]