Blue Hat Interactive Stock Craters After Dilutive $6.4M Offering

Blue Hat Interactive shares are approaching critical lows. Why are BHAT shares at support?Aggressive Warrant Structure Heightens Dilution RiskThe company is selling 32 million units at 20 cents, each made up of one ordinary share and one warrant to buy another share at the same price.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, increasing the underlying share count. Holders ...