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Blue Hat Regains Compliance with Nasdaq Minimum Bid Price Requirement
Newsfilter· 2025-04-07 12:30
Core Viewpoint - Blue Hat Interactive Entertainment Technology has regained compliance with Nasdaq's minimum bid price requirement, closing the matter with Nasdaq [1][3]. Group 1: Compliance with Nasdaq - On September 6, 2024, Nasdaq notified Blue Hat that its bid price had fallen below $1.00 per share for 30 consecutive business days, violating Listing Rule 5550(a)(2) [2]. - The company was given until March 5, 2025, to regain compliance but received a delisting determination on January 24, 2025, due to a closing bid price of $0.10 or less for ten consecutive trading days [2]. - As of March 28, 2025, Blue Hat's closing bid price was at or above $1.00 for the past 10 consecutive trading days, thus regaining compliance [3]. Group 2: Monitoring and Future Compliance - Following the compliance regaining, Blue Hat will be under a mandatory panel monitor for one year, until April 2, 2026, to ensure continued compliance with the minimum bid price requirement [4]. - If the company fails to meet the minimum bid price requirement for 30 consecutive trading days, it will not be allowed to submit a compliance plan, and a delisting determination will be issued [4]. Group 3: 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 [5]. - The company is expanding into commodity trading, aiming to become a leading intelligent commodity trader globally [5].
Gold Prices Reach New Highs: Blue Hat's 1-Ton Gold Holdings Soar in Value
GlobeNewswire News Room· 2025-03-25 12:30
Industry Insights - The international gold market has shown significant strength, with COMEX gold futures prices surpassing $3,040 per ounce and London spot gold prices reaching $3,030 per ounce, both setting new historical records [1] - Global central banks have purchased over 1,000 tons of gold for three consecutive years, indicating a strong demand for gold as a safe-haven asset [1] - Analysts from Macquarie Group predict an average gold price of $3,150 per ounce in Q3 2025, with Goldman Sachs forecasting a year-end price of $3,100 [2] Company Performance - Blue Hat's 1-ton gold holdings could appreciate to approximately $103 million if gold prices exceed $3,200 per ounce, representing a gain of over $40 million from the initial investment [3] - The CEO of Blue Hat emphasized that gold has proven to be a strong value-preserving asset amid global economic uncertainties, contributing to the company's financial stability and future business expansion [3] - 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 [4]