Blue Hat Interactive Entertainment Technology Terminates Its Previously Proposed Shelf Takedown Offering
Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) has announced it will not proceed with its previously planned underwritten public offering of ordinary shares and pre-funded warrants. No securities were sold under the Company’s shelf registration statement (No. 333-249056) related to this offering. The decision highlights the Company's focus on maintaining its capital structure without dilution to existing shareholders. Blue Hat operates in the augmented reality interactive entertainment sector in China, developing mobile games and educational materials.
- Company retains its current capital structure by canceling the public offering, preventing potential shareholder dilution.
- Cancellation of the public offering could indicate difficulties in raising capital, potentially impacting future growth initiatives.
XIAMEN, China, June 22, 2022 (GLOBE NEWSWIRE) -- Blue Hat Interactive Entertainment Technology (“BHAT” or the “Company”) (NASDAQ: BHAT), a producer, developer and operator of augmented reality interactive entertainment games, toys and educational materials in China, announced today that it has determined not to proceed with the previously announced underwritten public offering of its ordinary shares and pre-funded warrants. No securities were sold pursuant to the Company’s shelf registration statement on Form F-3 (No. 333-249056) in connection with such previously proposed offering.
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 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. For more information, please visit the Company's investor relations website at http://ir.bluehatgroup.com. The Company routinely provides important information on its website.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the Company's SEC filings. These risks and uncertainties could cause the Company's actual results to differ materially from those indicated in the forward-looking statements.
Contacts:
Blue Hat Interactive Entertainment Technology
Phone: +86 (592) 228-0010
Email: ir@bluehatgroup.net
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