Blue Hat Secures $4.3 Million through Securities Purchase

Blue Hat Interactive Entertainment Technology ( (BHAT) ) just unveiled an update.

On January 11, 2025, Blue Hat Interactive Entertainment Technology entered into securities purchase agreements with institutional investors, resulting in a registered direct offering of 77,989,800 ordinary shares, priced at $0.055 per share. The offering, which closed on January 14, 2025, garnered approximately $4.3 million in gross proceeds, intended for working capital and general corporate purposes. This move positions the company strategically within its industry by bolstering its financial resources.

More about Blue Hat Interactive Entertainment Technology

Blue Hat Interactive Entertainment Technology, originally involved in communication services and AR interactive games, toys, and educational materials, now focuses primarily on commodity trading in China.

YTD Price Performance: -57.82%

Average Trading Volume: 20,922,185

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $14.94M

For detailed information about BHAT stock, go to TipRanks’ Stock Analysis page.