Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT)
, a leading producer, developer and operator of augmented reality (“AR”) interactive entertainment games, toys and educational materials in China, today announced that it has closed a registered direct offering with two institutional investors for the purchase and sale of 7,160,000 of its ordinary shares. Blue Hat secured gross proceeds of $7,589,600, before deducting the placement agent’s fees and other estimated offering expenses, with each of the shares sold at a price of $1.06. The company also issued to the investors unregistered warrants to purchase up to 3,580,000 ordinary shares in a concurrent private placement. The warrants have an exercise price of $1.33 per share, will be exercisable immediately and will expire three years following the date of issuance. Blue Hat has 46,973,660 ordinary shares outstanding after the closing.
To view the full press release, visit https://ibn.fm/bBDa4
About Blue Hat
Blue Hat Interactive Entertainment Technology is a producer, developer and operator of AR interactive entertainment games and toys in China, including interactive educational materials, mobile games and toys with mobile-game features. The company’s entertainment platform creates unique user experiences by connecting physical items to mobile devices, which creates a rich visual and interactive environment for users through the integration of real objects and virtual scenery. Distinguished by its own proprietary technology, Blue Hat aims to create an engaging, interactive and immersive community for its users. For more information, please visit the company’s investor relations website at www.IR.BlueHatGroup.com
NOTE TO INVESTORS:
The latest news and updates relating to BHAT are available in the company’s newsroom at http://ibn.fm/BHAT
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.
With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.
Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.
For more information, please visit https://www.InvestorWire.com
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
InvestorWire is part of the InvestorBrandNetwork.