Blue Hat (NASDAQ: BHAT) is a producer, developer and operator of augmented reality interactive entertainment games, toys and educational materials in China. The company today announced its entry into two securities purchase agreements with two accredited investors for the total sale of 1,000,000 ordinary shares, par value $0.01 per share, of the company (“ordinary shares”) at a price of US$3.60 per share. Per the announcement, the total offering is for US$3,600,000, of which Blue Hat intends to use the net cash proceeds for working capital and general corporate purposes. The first tranche of the offering in the amount of $1,440,000 is expected to close on or around July 13, 2022, while the second tranche for the remaining $2,160,000 is expected to close thereafter in July 2022.
To view the full press release, visit https://ibn.fm/ss7EH
About Blue Hat Interactive Entertainment Technology
Blue Hat 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 interactive 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.
NOTE TO INVESTORS: The latest news and updates relating to BHAT are available in the company’s newsroom at http://ibn.fm/BHAT
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