Blue Hat Regains Compliance with Nasdaq Minimum Bid Price Requirement

Rhea-AI Summary

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) has successfully regained compliance with Nasdaq's minimum bid price requirement, as announced on April 7, 2025. The company had previously received a non-compliance notice on September 6, 2024, when its stock traded below $1.00 for 30 consecutive business days.

On January 24, 2025, BHAT received a delisting determination after its stock traded at $0.10 or less for ten consecutive days. The company appealed and was granted until March 31, 2025, to resolve the issue. As of March 28, 2025, BHAT maintained a closing bid price above $1.00 for 10 consecutive trading days, meeting the requirement.

The company will remain under mandatory panel monitoring until April 2, 2026. If BHAT fails to maintain the minimum bid price for 30 consecutive trading days during this period, it will face immediate delisting proceedings without additional compliance periods.

Positive

• Successfully regained Nasdaq compliance, avoiding immediate delisting risk
• Stock price recovered above $1.00 minimum requirement

Negative

• Company remains under strict one-year monitoring period
• Risk of immediate delisting if stock falls below $1.00 for 30 consecutive days
• Historical trading pattern shows significant price volatility and weakness

Insights

Financial Markets Specialist

Blue Hat's regaining of Nasdaq compliance represents a significant regulatory achievement that preserves its access to capital markets and maintains investor liquidity. The company successfully met the minimum $1.00 share price requirement for 10 consecutive trading days before the March 31 deadline, averting an imminent delisting that would have severely restricted trading options and institutional investor participation.

This development removes an immediate existential threat to the company's market status, though investors should note several key cautions. Blue Hat will remain under mandatory monitoring until April 2026, with a stricter compliance framework that removes the usual remediation periods if the share price again falls below $1.00 for 30 consecutive trading days. The prior close proximity to delisting (having traded at $0.10 or less previously) suggests underlying fundamental challenges that mere compliance doesn't address.

For shareholders, this represents removal of a significant immediate risk factor, but the enhanced scrutiny and grace period going forward creates a vulnerable position. The company must now demonstrate sustainable business performance to maintain the share price naturally above the threshold rather than relying on temporary measures like reverse splits that are often employed in such situations.

XIAMEN, China, April 07, 2025 (GLOBE NEWSWIRE) -- Blue Hat Interactive Entertainment Technology (“Blue Hat” or the “Company”) (NASDAQ: BHAT), a Cayman Islands company, today announced that on April 2, 2025, it received a letter (the “Letter”) from the Nasdaq Stock Market LLC (the “Nasdaq”) notifying the Company that it has regained compliance with the Nasdaq Capital Market’s minimum bid price requirement and the matter is closed.

As previously reported, on September 6, 2024, Nasdaq notified the Company that the bid price of its listed securities had closed at less than $1.00 per share over the previous 30 consecutive business days and, as a result, did not comply with Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”). The Company was provided 180 calendar days, or until March 5, 2025, to regain compliance with this rule. On January 24, 2025, the Company received a delisting determination (the “Delisting Determination”), as the Company’s securities had a closing bid price of $0.10 or less for ten consecutive trading days. Delisting Determination ended the aforementioned compliance period before its expiration. The Company timely requested an appeal of the Delisting Determination to the hearing panel and was granted until March 31, 2025 to cure such Minimum Price Deficiency.

The Letter noted that as of March 28, 2025, Blue Hat evidenced a closing bid price of its ordinary shares at or greater than $1.00 per share minimum requirement for the past 10 consecutive trading days. Accordingly, Blue Hat has regained compliance with Nasdaq Minimum Bid Price Requirement.

The Company will be subject to a mandatory panel monitor for a period of one year from the date of the Letter, or until April 2, 2026 to monitor the Company’s continued compliance with Minimum Bid Price Requirement, pursuant to Nasdaq Listing Rule 5815(d)(4)(B). Should the Company fail to meet the Minimum Bid Price Requirement for a period of 30 consecutive trading days, the Company will not be permitted to provide the Staff with a plan of compliance with respect to that deficiency and Staff will not be permitted to grant additional time for the Company to regain compliance with respect to that deficiency, nor will the Company be afforded an applicable cure or compliance period. The Staff will issue a delist determination letter and the Company will have an opportunity for a new hearing with the initial panel or a newly convened hearings panel if the initial panel is unavailable.

About Blue Hat

Blue Hat was formerly a provider of communication services, as well as a producer, developer, and operator of AR interactive entertainment games, toys, and educational materials in China. Leveraging years of technological accumulation and unique patented technology, Blue Hat is expanding its business to commodity trading, aiming to become a leading intelligent commodity trader worldwide. 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

FAQ

What was the deadline given to Blue Hat (BHAT) to regain Nasdaq compliance?

Blue Hat was initially given until March 5, 2025, but after appealing the delisting determination, received an extension until March 31, 2025.

How long will BHAT be under Nasdaq monitoring after regaining compliance?

BHAT will be under mandatory panel monitoring for one year, until April 2, 2026.

What triggered the delisting determination for BHAT stock?

BHAT received a delisting determination on January 24, 2025, after its stock traded at $0.10 or less for ten consecutive trading days.

What happens if BHAT fails to maintain the minimum bid price during the monitoring period?

If BHAT fails to maintain the $1.00 minimum bid price for 30 consecutive trading days, it will face immediate delisting proceedings without additional compliance periods.