Blue Hat Regains Compliance with Nasdaq Minimum Bid Price Requirement

Rhea-AI Summary

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) has announced it has regained compliance with the Nasdaq Capital Market's minimum bid price requirement. As of January 25, 2021, the company's ordinary shares had a closing bid price above the $1.00 minimum for 10 consecutive business days. Nasdaq has confirmed the matter is now closed. Blue Hat specializes in augmented reality (AR) entertainment games, toys, and educational materials, aiming to create engaging user experiences through innovative technology.

Positive

• Regained compliance with Nasdaq's minimum bid price requirement.
• Closing bid price exceeded $1.00 for 10 consecutive business days.

Negative

• None.

XIAMEN, China, Jan. 27, 2021 /PRNewswire/ -- Blue Hat Interactive Entertainment Technology ("Blue Hat" or the "Company") (NASDAQ: BHAT), a leading producer, developer and operator of augmented reality ("AR") interactive entertainment games, toys and educational materials in China, today announced it received a letter from the Nasdaq Stock Market LLC notifying the Company that it has regained compliance with the Nasdaq Capital Market's minimum bid price requirement. The letter noted that as of January 25, 2021, Blue Hat evidenced a closing bid price of its ordinary shares in excess of the $1.00 minimum requirement for the past 10 consecutive business days. Accordingly, Blue Hat has regained compliance with Nasdaq Marketplace Rule 5550(a)(2), and Nasdaq considers the matter closed.

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.

Contacts:

Blue Hat Interactive Entertainment Technology
Phone: +86 (592) 228-0010
Email: ir@bluehatgroup.net

Investor Relations:
The Equity Group Inc.                                        In China
Adam Prior, Senior Vice President                     Lucy Ma, Associate
(212) 836-9606                                                   +86 10 5661 7012
aprior@equityny.com                                         lma@equityny.com 

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SOURCE Blue Hat Interactive Entertainment Technology

FAQ

What does Nasdaq's compliance mean for BHAT?

Regaining compliance indicates that Blue Hat's stock price has stabilized, allowing it to remain listed on the Nasdaq exchange.

When did BHAT regain compliance with Nasdaq?

Blue Hat regained compliance as of January 25, 2021.

What is the minimum bid price requirement for Nasdaq?

The minimum bid price requirement for listing on Nasdaq is $1.00.

How does Blue Hat Interactive operate?

Blue Hat is a producer and developer of augmented reality games and educational materials, aiming to enhance user interaction through technology.

What is the stock symbol for Blue Hat Interactive?

The stock symbol for Blue Hat Interactive is BHAT.