iHub News
3月前
Blue Hat to carry out 1-for-50 reverse stock split starting March 6March 5, 2026 9:57 AM
IH Market News
Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) said it plans to implement a 1-for-50 reverse stock split of its ordinary shares, effective Friday, March 6, 2026.Trading on a split-adjusted basis is set to begin at the market open on March 6. As of March 2, the company had 113,012,000 ordinary shares outstanding with a par value of $0.0000001 per share.Under the reverse split, every 50 issued and outstanding shares will be automatically consolidated into one ordinary share with a par value of $0.000005. Fractional shares will not be issued; instead, any fractions will be rounded up to the nearest whole share.The stock will continue to trade on the Nasdaq Capital Market under the ticker BHAT. Following the split, the ordinary shares will carry a new CUSIP number: G1329V 122.Blue Hat said the reverse stock split will not change shareholders’ proportional ownership in the company, aside from adjustments related to the rounding of fractional shares. The move was approved by both the company’s board of directors and its shareholders.Originally focused on augmented reality entertainment products, toys and educational materials in China, the Cayman Islands-registered company is now expanding into commodity trading.Separately, Blue Hat recently announced a public offering of 32 million units priced at $0.20 each, aiming to raise roughly $6.4 million before expenses. Each unit consists of one ordinary share and a warrant exercisable at $0.20 per share.The company has also established a new subsidiary, GOLDEN ALPHA STRATEGY SDN. BHD., in Penang, Malaysia as part of its expansion into the Southeast Asian gold investment market. According to the World Gold Council, Malaysia’s demand for gold bars and coins increased by more than 38% between the third quarter of 2024 and the third quarter of 2025.Blue Hat Interactive Entertainment Technology stock price
Original: Blue Hat to carry out 1-for-50 reverse stock split starting March 6
iHub News
3月前
Blue Hat Prices $6.4 Million Underwritten Public OfferingFebruary 20, 2026 9:46 AM
IH Market News
Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) announced it has priced an underwritten public offering expected to generate gross proceeds of approximately $6.4 million.The Cayman Islands–incorporated company is issuing 32,000,000 units at $0.20 per unit on a firm commitment basis. Each unit consists of one ordinary share, with a par value of $0.0000001, and one warrant to purchase an additional ordinary share.The warrants are exercisable immediately at $0.20 per share and will expire one year from issuance. The exercise price is subject to potential downward adjustments on the second and fifth trading days after the offering closes, to levels equal to 70% and 50%, respectively, of the initial exercise price. If adjusted, the number of shares underlying the warrants will increase proportionately.Holders may also opt to exercise the warrants on a cashless basis at any time within one year of issuance. Under this feature, investors would receive twice the number of ordinary shares that would have been issued in a standard cash exercise, without paying additional consideration.The offering is expected to close on February 23, 2026, pending customary closing conditions. Blue Hat said it intends to use the proceeds for working capital and general corporate purposes.The company has also granted the underwriter a 15-day option to purchase up to an additional 4,800,000 units, which may include ordinary shares, warrants, or a combination of both, at the public offering price less underwriting discounts and commissions.Maxim Group LLC is acting as sole underwriter. Pryor Cashman LLP is serving as U.S. securities counsel to Blue Hat, while Hunter Taubman Fischer & Li LLC is advising the underwriter.The offering is being conducted pursuant to a Form F-1 registration statement that was declared effective by the U.S. Securities and Exchange Commission on February 17, 2026. Shares are being offered solely by means of a prospectus filed with the SEC.Blue Hat, which previously focused on communications services and augmented reality entertainment products in China, is now repositioning its business toward commodity trading, aiming to develop into a technology-driven global commodity trader.Blue Hat Interactive Entertainment Technology stock price
Original: Blue Hat Prices $6.4 Million Underwritten Public Offering
lifeonthefarm
1年前
try to figure this out lol
Blue Hat Interactive Entertainment Technology (“Blue Hat” or the “Company”) (NASDAQ: BHAT) has successfully completed the final payment for the gold transaction between its Hong Kong wholly-owned subsidiary, Golden Alpha Strategy Limited, and Macau Rongxin Precious Metals Technology Co., Ltd.
According to the agreement, these ordinary shares are subject to a 3-year lock-up period and do not carry voting rights. This arrangement reflects the full trust and confidence of Macau Rongxin Precious Metals Technology Co., Ltd. in Blue Hat's management. By completely handing over the voting rights to Blue Hat's management by contract, Rongxin not only expressed its recognition of the company's strategic direction but also indicated its focus on long-term gains rather than short-term intervention in the company's operations. This foundation of trust paves the way for deeper cooperation between the two parties in the future.