Announcement • Mar 07
Blue Hat Interactive Entertainment Technology (NasdaqCM:BHAT) announces an Equity Buyback for $1 million worth of its shares. Blue Hat Interactive Entertainment Technology (NasdaqCM:BHAT) announces a share repurchase program. Under the program, the company will repurchase up to $1 million worth of its shares. The company intends to fund the repurchases through a combination of cash on hand and cash generated from operations. The share repurchase program is expected for the next six months. Announcement • Feb 20
Blue Hat Interactive Entertainment Technology has completed a Composite Units Offering. Blue Hat Interactive Entertainment Technology has completed a Composite Units Offering.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 32,000,000
Price\Range: $0.2 Announcement • Apr 08
Blue Hat Interactive Entertainment Technology Regains Compliance with Nasdaq Minimum Bid Price Requirement Blue Hat Interactive Entertainment Technology 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. Announcement • Jan 29
Blue Hat Announces Receipt of Nasdaq Delisting Notice Subject to Hearing Request Blue Hat Interactive Entertainment Technology announced that on January 24, 2025, it has received a letter from The Nasdaq Stock Market LLC (“Nasdaq”), notifying that the Company is not in compliance with Nasdaq Listing Rule 5810(c)(3)(A)(iii) (the “Low Priced Stocks Rule”), as the Company’s securities had a closing bid price of $0.10 or less for ten consecutive trading days from January 8, 2025 through January 23, 2025. The letter indicated that, as a result, the Nasdaq staff has determined to delist the Company’s ordinary shares from The Nasdaq Capital Market (the “Delisting Determination”). 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 Company was provided 180 calendar days, or until March 5, 2025, to regain compliance with this rule. The Delisting Determination ended the aforementioned compliance period before its expiration because the Company’s stock prices have triggered the Low Priced Stocks Rule. The Company was provided until January 31, 2025 to request an appeal of the Delisting Determination to the hearing panel. The Company intends to request such hearing to appeal the Delisting Determination before that date, which will stay the suspension of its securities from the date of the request, during which time such securities will continue to be listed on The Nasdaq Capital Market. If the Company fails to request an appeal of the Delisting Determination by January 31, 2025, trading of the Company’s ordinary shares will be suspended at the opening of business on February 4, 2025, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company’s securities from listing and registration on The Nasdaq Stock Market. The Company is considering all potential options available to it to regain compliance with the aforementioned rules, including seeking shareholders’ approval for a reverse stock split. Announcement • Jan 15
Blue Hat Interactive Entertainment Technology has completed a Follow-on Equity Offering in the amount of $4.289439 million. Blue Hat Interactive Entertainment Technology has completed a Follow-on Equity Offering in the amount of $4.289439 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 77,989,800
Price\Range: $0.055
Discount Per Security: $0.00385
Transaction Features: Registered Direct Offering Announcement • Jan 09
Blue Hat Interactive Entertainment Technology has filed a Follow-on Equity Offering in the amount of $3.9165 million. Blue Hat Interactive Entertainment Technology has filed a Follow-on Equity Offering in the amount of $3.9165 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 55,950,000
Price\Range: $0.07
Discount Per Security: $0.0049
Transaction Features: Registered Direct Offering Announcement • Jan 07
Blue Hat Interactive Entertainment Technology has filed a Follow-on Equity Offering in the amount of $4.416 million. Blue Hat Interactive Entertainment Technology has filed a Follow-on Equity Offering in the amount of $4.416 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 55,200,000
Price\Range: $0.08
Discount Per Security: $0.0056
Transaction Features: Registered Direct Offering New Risk • Nov 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (68% average weekly change). Earnings have declined by 51% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Market cap is less than US$100m (€10.3m market cap, or US$10.8m). Announcement • Sep 13
Blue Hat Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency Blue Hat Interactive Entertainment Technology announced that on September 6, 2024, it has received a notification letter from The Nasdaq Stock Market LLC (‘Nasdaq’) notifying the Company that it is not in compliance with the minimum bid price requirement from July 25, 2024 through September 5, 2024, as set forth in Nasdaq Listing Rules 5550(a)(2), which require that the closing bid price for the Company’s ordinary shares listed on Nasdaq be maintained at a minimum of USD 1.00 and failure to meet it for 30 consecutive business days constitutes a compliance deficiency. The notification has no immediate effect on the listing of the Company’s ordinary shares on Nasdaq. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has a period of 180 calendar days from the date of notification, or until March 5, 2025 (the ‘Compliance Period’), to regain compliance with the minimum bid price requirement, during which time the Company’s ordinary shares will continue to trade on the Nasdaq Capital Market. If at any time before the end of the Compliance Period, the bid price of the Company’s ordinary shares closes at or above USD 1.00 per share for a minimum of 10 consecutive business days, Nasdaq will provide written notification that the Company has achieved compliance with the minimum bid price requirement. In the event the Company does not regain compliance by end of the Compliance Period, the Company may be eligible for additional time to regain compliance, if the company provide written notice of its intention to cure the deficiency during the second compliance period and is in compliance with the continued listing requirement for market value of publicly held shares and the initial listing standards for other criteria for the Nasdaq Capital Market, with the exception of the bid price requirement. If it appears to the staff that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, Nasdaq will provide notice that its securities will be subject to delisting, the Company may appear such determination to a hearing panel. In addition, if during any compliance period specified in the Nasdaq Listing Rule 5810(c)(3)(A), the Company’s ordinary shares have a closing bid price of $0.10 or less for ten consecutive trading days, Nasdaq will issue a Staff Delisting Determination under Rule 5810 with respect to the ordinary shares. The Company intends to monitor the closing bid price of its ordinary shares during the Compliance Period. In the event the Company is not eligible for additional time to regain compliance with the Nasdaq requirements at the end of the Compliance Period, the Company’s Board of Directors will consider options that may be available to achieve compliance. New Risk • Jul 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$2.1m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 51% per year over the past 5 years. Shareholders have been substantially diluted in the past year (320% increase in shares outstanding). Minor Risk Market cap is less than US$100m (€69.1m market cap, or US$74.7m). Announcement • May 16
Fujian Blue Hat Interactive Entertainment Technology Ltd. Technology Announces Artificial Intelligence, Aileen as Chief Information Officer Fujian Blue Hat Interactive Entertainment Technology Ltd. announced that an independently developed AI digital person, " Aileen," will serve as the company's Chief Information Officer (CIO). The development of this AI digital person is based on the company's long-term technical buildup in the gaming field and in-depth application of market-leading third-party AI technology, marking an important step for BHAT in the field of AI application services. The development of Aileen brings together two core technologies: a highly realistic digital person image and advanced language interaction capabilities. Its image design is based on BHAT's technology and experience in the gaming field. Through high-precision modeling and animation technology, Aileen is given an appealing appearance and natural and smooth movements. In terms of verbal interaction, Aileen adopts the latest market-leading third-party AI technology and has been deeply trained through the company's internal database, enabling it to understand and respond to complex linguistic expressions and realize natural and efficient communication. Serving as CIO, Aileen will be responsible for collecting industry information related to the company's future development and providing decision-making support to the company's management team. In the future, Aileen will be online on the company's official website to interact in real time with investors and news media from all walks of life, answering detailed inquiries about the company's development plans. BHAT is in the process of transforming the field of AI application services, and company believe that in the near future, CIO Aileen will help BHAT to provide better services and decision-making. Reported Earnings • May 02
Full year 2023 earnings released: US$0.90 loss per share (vs US$1.23 loss in FY 2022) Full year 2023 results: US$0.90 loss per share. Revenue: US$73.7m (up US$66.3m from FY 2022). Net loss: US$26.7m (loss widened 185% from FY 2022). Reported Earnings • Dec 27
First half 2023 earnings released: US$0.36 loss per share (vs US$1.02 loss in 1H 2022) First half 2023 results: US$0.36 loss per share (improved from US$1.02 loss in 1H 2022). Revenue: US$46.3m (up US$44.3m from 1H 2022). Net loss: US$4.37m (loss narrowed 29% from 1H 2022). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 49% per year, which means it has not declined as severely as earnings. New Risk • Nov 24
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 64% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 8x increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (€53.0m market cap, or US$57.9m). Announcement • Nov 19
Blue Hat Interactive Entertainment Technology Appoints Guo Fan as Joint Chief Executive Officer Effective November 16, 2023, Blue Hat Interactive Entertainment Technology appointed Mr. Guo Fan as joint chief executive officer of the Company. Mr. Guo Fan, aged 45, has over 20 years of experience in business investment and transactions. Formerly, he was chief executive officer of Pay88 Inc. Mr. Fan has co-founded and managed Fluency Capital Co. LLC. He holds a Bachelor’s Degree in Hospitality Management from NHTI – Concord's Community College. Announcement • Jun 02
Blue Hat Regains Compliance with Nasdaq Minimum Bid Price Requirement Blue Hat Interactive Entertainment Technology ("Blue Hat" or the "Company") announced that on May 31, 2023 it received a letter (the "Letter") from the Listing Qualifications Department of Nasdaq Stock Market LLC notifying the Company that it has regained compliance with the Nasdaq Capital Market's minimum bid price requirement and the matter is closed. On December 6, 2022, the Company was first notified by Nasdaq of its failure to maintain a minimum bid price of $1.00 per share for 30 consecutive trading days under Nasdaq Listing Rules 5550(a)(2) and 5810(c)(3)(A), and was given its first 180-day extension, or until June 5, 2023, to regain compliance. The Letter noted that as of May 30, 2023, 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 business days. Accordingly, Blue Hat has regained compliance with Nasdaq Marketplace Rule 5550(a)(2), and Nasdaq considers the matter closed. Reported Earnings • May 10
Full year 2022 earnings released: US$1.23 loss per share (vs US$11.60 loss in FY 2021) Full year 2022 results: US$1.23 loss per share (improved from US$11.60 loss in FY 2021). Revenue: US$7.38m (down 51% from FY 2021). Net loss: US$9.37m (loss narrowed 84% from FY 2021). Reported Earnings • Jan 01
Second quarter 2022 earnings released: US$0.57 loss per share (vs US$0.032 profit in 2Q 2021) Second quarter 2022 results: US$0.57 loss per share (down from US$0.032 profit in 2Q 2021). Revenue: US$1.69m (down 79% from 2Q 2021). Net loss: US$3.44m (down US$3.59m from profit in 2Q 2021). Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. CFO & Director Caifan He was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 16
Fujian Blue Hat Interactive Entertainment Technology Ltd. announced that it has received $1.55 million in funding from Streeterville Capital, LLC Fujian Blue Hat Interactive Entertainment Technology Ltd. announced that it has entered into a securities purchase agreement for issuance of unsecured convertible promissory note for an aggregate gross proceeds of $1,550,000 with Streeterville Capital, LLC on October 14, 2022. The note carry rate of interest of 6% per annum and carries original discount of $155,000. The note carry maturity date of January 14, 2024. The note is convertible into common shares of the company. The company has an option to prepay a portion or all amounts outstanding under the note prior to the maturity date. Announcement • Aug 06
Blue Hat Announces the Release of New Game Blue Hat Interactive Entertainment Technology announced that the Company will soon release a simulated business strategy game, “Cute Monopoly”, to the world, which supports Chinese, English, Japanese, Korean and other languages. In “Cute Monopoly”, players can realize their dream of becoming a millionaire. At the beginning, each of the players may be just a normal person without money. However, with continuous efforts, players’ fortune will grow rapidly and finally players will establish their own business empires. The whole game is very rich in playing methods, which allow players to rely on their own strategies to achieve a variety of money making plans, create more companies, and soon they will become a leading enterprise in the business community. Board Change • Jul 29
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. CFO & Director Caifan He was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 16
Blue Hat Regains Compliance with Nasdaq Minimum Bid Price Requirement Fujian Blue Hat Interactive Entertainment Technology Ltd. ("Blue Hat" or the "Company") announced that on June 13, 2022 it received a letter (the “Letter”) from the Listing Qualifications Department of Nasdaq Stock Market LLC notifying the Company that it has regained compliance with the Nasdaq Capital Market’s minimum bid price requirement and the matter is closed. On June 18, 2021, the Company was first notified by Nasdaq of its failure to maintain a minimum bid price of $1.00 per share for 30 consecutive trading days under Nasdaq Listing Rules 5550(a)(2) and 5810(c)(3)(A), and was given its first 180-day extension, or until December 15, 2021 to regain compliance. On December 16, 2021, the Company received a second 180-day extension from Nasdaq or until June 13, 2022 to regain compliance. Effective May 27, 2022, the Company effected a 1-for-10 reverse stock split. The Letter noted that as of June 10, 2022, 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 business days. Accordingly, Blue Hat has regained compliance with Nasdaq Marketplace Rule 5550(a)(2), and Nasdaq considers the matter closed. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. CFO & Director Caifan He was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 07
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: US$0.041 (down from US$0.084 in 3Q 2020). Revenue: US$13.3m (up 5.1% from 3Q 2020). Net income: US$2.02m (down 43% from 3Q 2020). Profit margin: 15% (down from 28% in 3Q 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Reported Earnings • Oct 26
Second quarter 2021 earnings released: EPS US$0.003 (vs US$0.014 in 2Q 2020) The company reported a decent second quarter result with improved revenues, although earnings and profit margins were weaker. Second quarter 2021 results: Revenue: US$8.00m (up 206% from 2Q 2020). Net income: US$150.6k (down 70% from 2Q 2020). Profit margin: 1.9% (down from 19% in 2Q 2020). The decrease in margin was driven by higher expenses. Announcement • May 12
Fujian Blue Hat Interactive Entertainment Technology Ltd. has completed a Follow-on Equity Offering in the amount of $5.661 million. Fujian Blue Hat Interactive Entertainment Technology Ltd. has completed a Follow-on Equity Offering in the amount of $5.661 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 6,290,000
Price\Range: $0.9
Discount Per Security: $0.0675
Transaction Features: Registered Direct Offering Reported Earnings • May 06
First quarter 2021 earnings released: EPS US$0.026 (vs US$0.022 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: US$9.94m (up 343% from 1Q 2020). Net income: US$1.23m (up 62% from 1Q 2020). Profit margin: 12% (down from 34% in 1Q 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improved over the past week After last week's 15% share price gain to US$1.01, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 34x in the Entertainment industry in Europe. Reported Earnings • Apr 09
Full year 2020 earnings released: EPS US$0.21 (vs US$0.26 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: US$30.2m (up 27% from FY 2019). Net income: US$8.28m (down 8.7% from FY 2019). Profit margin: 27% (down from 38% in FY 2019). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improved over the past week After last week's 24% share price gain to US$1.35, the stock is trading at a trailing P/E ratio of 7.4x, up from the previous P/E ratio of 5.9x. This compares to an average P/E of 36x in the Entertainment industry in Europe. Announcement • Feb 19
Blue Hat Interactive Entertainment Technology Signs Strategic Cooperation Agreement with Zhong Ya (Shenzhen) International Education Investment Co., Ltd Blue Hat Interactive Entertainment Technology announced that the Company has signed a three-year agreement with Zhong Ya (Shenzhen) International Education Investment Co. Ltd. whereby Blue Hat will provide its Augmented Reality Immersive Classes to Zhong Ya's 680 kindergartens located in Guangdong Province. In accordance with this agreement, Blue Hat will also develop for Zhong Ya an overall kindergarten curriculum and technology platform with a focus on STEAM (Science, Technology, Engineering, Art and Mathematics), taking into account social and emotional development, communication and language development, and physical development. Zhong Ya will focus its attention on management of the kindergarten schools and teacher evaluations. In addition to strengthening its education platform and curriculum, this partnership will enable Blue Hat and Zhong Ya to elevate the organization's teacher training level and enrich teaching resources. Announcement • Feb 05
Fujian Blue Hat Interactive Entertainment Technology Ltd. has completed a Follow-on Equity Offering in the amount of $7.5896 million. Fujian Blue Hat Interactive Entertainment Technology Ltd. has completed a Follow-on Equity Offering in the amount of $7.5896 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 7,160,000
Price\Range: $1.06
Discount Per Security: $0.0795
Transaction Features: Registered Direct Offering Is New 90 Day High Low • Jan 30
New 90-day high: €1.43 The company is up 113% from its price of €0.67 on 30 October 2020. The German market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 30% over the same period. Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment improved over the past week After last week's 43% share price gain to US$1.43, the stock is trading at a trailing P/E ratio of 6.2x, up from the previous P/E ratio of 4.4x. This compares to an average P/E of 36x in the Entertainment industry in Europe. Announcement • Jan 29
Fujian Blue Hat Interactive Entertainment Technology Ltd. (NasdaqCM:BHAT) completed the acquisition of 51% stake in Fuzhou Csfctech Co., Ltd. Fujian Blue Hat Interactive Entertainment Technology Ltd. (NasdaqCM:BHAT) signed a non-binding letter of intent to acquire 51% stake in Fuzhou Csfctech Co., Ltd. on December 6, 2019. Fujian Blue Hat Interactive Entertainment Technology Ltd. entered into a definitive agreement to acquire 51% stake in Fuzhou Csfctech Co., Ltd. for CNY 51.2 Million on December 1, 2020. The consideration will be payable in cash and stock. There is a performance guarantee where the terms of the agreement will be amended if Fuzhou Csfctech Co., Ltd. does not achieve certain audited net profit for the calendar year ending December 31 based upon the following criteria: a) 2020: CNY 15 Million; b) 2021: CNY 25 million ; and c) 2022: CNY 40 million. The transaction has been valued at 4X the average of the three performance guarantee targets of Fuzhou Csfctech Co., Ltd. as referenced in agreement. The original shareholders of Fuzhou Csfctech Co., Ltd. shall bear joint liability for performance and debt obligations. The acquisition price is expected to be based on the valuation of the acquired entities carried out by a qualified independent third party. The closing of the transaction is subject to satisfactory due diligence results and applicable regulatory requirements. The deal is subject to customary conditions. The transaction is expected to close in the fourth quarter of 2020. As of December 1, 2020 the closing of the acquisition is expected to be on or around December 31, 2020.
Fujian Blue Hat Interactive Entertainment Technology Ltd. (NasdaqCM:BHAT) completed the acquisition of 51% stake in Fuzhou Csfctech Co., Ltd. on January 28, 2021. A separate agreement has been signed between Fujian Blue Hat Interactive Entertainment Technology Ltd. and Fujian Roar Game Technology Co., Ltd. Is New 90 Day High Low • Jan 14
New 90-day high: €0.86 The company is up 19% from its price of €0.72 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Entertainment industry, which is up 24% over the same period. Announcement • Dec 18
Blue Hat Interactive Entertainment Technology Announces New Gaming Products Under Development with Planned Global Launches Throughout 2021 Blue Hat Interactive Entertainment Technology announced that Fuzhou Csfctech Co. Ltd. is actively exploring overseas markets and is currently testing five new gaming products for overseas distribution. The five new gaming products under development are: Qule King of Fishing War, a competitive fish catching game with multiple players to win prizes; Qule Battle The Landlord, a music selection puzzle game; MOMO Remove, a brain teaser game; MOMO Link, a game of casual puzzle elimination; and
MOMO Hexagon, a block matching game. Announcement • Nov 25
Blue Hat Signs Cooperation Agreement to Launch New Augmented Reality Immersive Classes in Guangdong-Hong Kong-Macao Greater Bay Area Blue Hat Interactive Entertainment Technology announced that the Company has signed an agreement with three preschools (the First and Fourth Preschools and the Children's Center) of Guangzhou Development District Talent Work Group of Augmented Reality Immersive Classes (ARIC). It is the beginning of Blue Hat's strategic expansion in the Guangdong-Hong Kong-Macao Greater Bay Area (the Greater Bay Area). As part of this strategic expansion, the Company previously delivered ARIC course demonstrations and teaching experiments to eight preschools in Guangzhou and cooperated with the Second Preschool of Guangzhou to further strengthen its market presence. The new agreement with three preschools demonstrates Blue Hat's gradual progress in executing successful marketing efforts and strategies in the Greater Bay Area. The Children's Center is the only preschool which has been given an award for "Quality Service Demonstration Center for Children's Care under 3 years old" in Huangpu District, Guangzhou. This agreement with the Children's Center is the continuation of its previous cooperation with the Company's first private early education institution in Sichuan Province. Announcement • Nov 17
Fujian Blue Hat Interactive Entertainment Technology Ltd., Annual General Meeting, Dec 08, 2020 Fujian Blue Hat Interactive Entertainment Technology Ltd., Annual General Meeting, Dec 08, 2020, at 21:00 US Eastern Standard Time. Location: 7th Floor, Building C, No. 1010 Anling Road Huli District Xiamen China Agenda: To elect seven directors to serve until the next Annual General Meeting or until their successors are duly elected and qualified; to ratify the appointment of JLKZ CPA LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2020; to approve and adopt the Company’s 2020 Equity Incentive Plan; and to consider and take action upon such other matters as may properly come before the Annual General Meeting or any adjournment or postponement thereof. Is New 90 Day High Low • Nov 04
New 90-day low: €0.64 The company is down 37% from its price of €1.01 on 05 August 2020. The German market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 14% over the same period. Announcement • Oct 20
Fujian Blue Hat Interactive Entertainment Technology Ltd. Announces Cooperation with Six China-Based Kindergartens to Utilize "Augmented Reality Immersive Classes" Fujian Blue Hat Interactive Entertainment Technology Ltd. announced that the Company has signed agreements with six kindergartens in Xiamen to conduct "Augmented Reality Immersive Classes" (ARIC) for students. Xiamen, where the Company is headquartered, has a population base of approximately 3.5 million people. The Company is hopeful to engage with over 50 kindergartens by the end of 2020. Blue Hat's ARIC classes consist of a dynamic and engaging model for teaching in China's schools, utilizing each school's existing infrastructure (projectors as an example) to provide an interactive gaming and learning experience for children. Blue Hat will then note real-time behavior delivered usable data and evaluation for teachers' and parents' references of kids' ability. It is highly praised by participated teachers because ARIC will assist in personalized coaching and foster a close relationship between homes and schools. Announcement • Oct 01
Fujian Blue Hat Interactive Entertainment Technology Ltd. (NasdaqCM:BHAT) signed a non-binding letter of intent to acquire an unknown stake in Fuzhou Csfctech Co., Ltd. Fujian Blue Hat Interactive Entertainment Technology Ltd. (NasdaqCM:BHAT) signed a non-binding letter of intent to acquire 51% stake in Fuzhou Csfctech Co., Ltd. on December 6, 2019. The consideration will be payable in cash and stock. The acquisition price is expected to be based on the valuation of the acquired entities carried out by a qualified independent third party. The closing of the transaction is subject to satisfactory due diligence results and applicable regulatory requirements. The deal is subject to customary conditions. The transaction is expected to close in the fourth quarter of 2020. Is New 90 Day High Low • Sep 30
New 90-day low: €0.72 The company is down 33% from its price of €1.07 on 02 July 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 4.0% over the same period. Announcement • Sep 17
Fujian Blue Hat Interactive Entertainment Technology Ltd. (NasdaqCM:BHAT) acquired Xunpusen Technology Co., Ltd. Fujian Blue Hat Interactive Entertainment Technology Ltd. (NasdaqCM:BHAT) acquired Xunpusen Technology Co., Ltd. on July 31, 2020.
Fujian Blue Hat Interactive Entertainment Technology Ltd. (NasdaqCM:BHAT) completed the acquisition of Xunpusen Technology Co., Ltd. on July 31, 2020. Announcement • Jul 20
Fujian Blue Hat Interactive Entertainment Technology Ltd. announced that it has received $2.8 million in funding On July 17, 2020, Fujian Blue Hat Interactive Entertainment Technology Ltd. (NasdaqCM:BHAT) closed the transaction. The company issued convertible notes for gross proceeds of $2,800,000. Announcement • Jul 10
Fujian Blue Hat Interactive Entertainment Technology Ltd. announced that it expects to receive $3.262 million in funding Fujian Blue Hat Interactive Entertainment Technology Ltd. (NasdaqCM:BHAT) announced that it has signed a security purchase agreement of senior secured convertible notes and equity warrant for the gross proceeds of $3,262,000 on July 8, 2020. The warrant are exercisable into 784,000 ordinary shares at a aggregate purchase price of $2,800,000. The convertible notes will bear no interest rate. The convertible notes will mature on October 30, 2021. The company will pay 8% of the gross proceeds as a placement agent fees in the transaction.