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Blue Hat Interactive Entertainment Technology Announces the Company’s Receipt of Nasdaq Delisting Notice Subject to Hearing
Globenewswire· 2026-03-13 20:05
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].
Blue Hat Interactive Entertainment Technology Announces Share Repurchase Program
Globenewswire· 2026-03-06 13:30
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].
Blue Hat Announces an Updated Effective Time for 1-for-50 Reverse Stock Split
Globenewswire· 2026-03-05 00:30
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]
Blue Hat Announces 1-for-50 Reverse Stock Split
Globenewswire· 2026-03-03 21:05
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]
Blue Hat Interactive Entertainment Technology Announces Pricing of US$6.4 Million Public Offering
Globenewswire· 2026-02-20 01:15
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].
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]
Gold Prices Reach New Highs: Blue Hat's 1-Ton Gold Holdings Soar in Value
Newsfilter· 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] - China's central bank's gold reserves have increased for three consecutive quarters, now totaling 73.45 million ounces, further emphasizing the demand for safe-haven assets [1] Price Predictions - Analysts from Macquarie Group predict that the average gold price in Q3 2025 may reach $3,150 per ounce, with potential peaks of $3,500, while Goldman Sachs anticipates a year-end price of $3,100 [2] - CITIC Futures suggests that a potential interest rate cut by the Federal Reserve could lead to a significant premium on gold due to market conditions [2] Company Performance - If gold prices exceed $3,200 per ounce, Blue Hat's 1-ton gold holdings could appreciate to approximately $103 million, representing a gain of over $40 million from the initial investment [3] - The CEO of Blue Hat highlighted that gold has proven to be a strong asset for value preservation and appreciation amid global economic uncertainties, providing a solid foundation for the company's strategic plans in the precious metals sector [3] Company Overview - Blue Hat, previously focused on communication services and AR interactive entertainment, is now expanding into commodity trading, aiming to become a leading intelligent commodity trader globally [4]