XIAMEN, China, Feb. 4, 2021 /PRNewswire/ — Blue Hat Interactive Leisure Know-how (NASDAQ: BHAT), a number one producer, developer and operator of augmented actuality interactive leisure video games, toys and academic supplies in China, at this time introduced that it has closed a registered direct providing with two institutional traders, for the acquisition and sale of seven,160,000 of its odd shares at a worth of $1.06 per share, leading to complete gross proceeds of $7,589,600, earlier than deducting the location agent’s charges and different estimated providing bills. The Firm additionally issued to the traders unregistered warrants to buy as much as 3,580,000 odd shares in a concurrent non-public placement. The warrants have an train worth of $1.33 per share, will likely be exercisable instantly and can expire three years following the date of issuance. The Firm has 46,973,660 odd shares excellent after the closing.
The online proceeds from this providing will likely be used for common working capital functions.
FT International Capital, Inc. acted because the unique placement agent for the transaction.
Pryor Cashman LLP acted as counsel to the Firm and Schiff Hardin LLP acted as counsel to the Placement Agent in reference to the location.
This press launch doesn’t represent a proposal to promote or the solicitation of a proposal to purchase these securities, nor shall there be any sale of those securities in any jurisdiction through which such provide, solicitation or sale can be illegal previous to the registration or qualification underneath the securities legal guidelines of any such jurisdiction. Any provide will likely be made solely via a prospectus, together with a prospectus complement, forming part of the efficient registration assertion.
About Blue Hat
Blue Hat Interactive Leisure Know-how is a producer, developer and operator of AR interactive leisure video games and toys in China, together with interactive instructional supplies, cell video games, and toys with cell recreation options. The Firm’s interactive leisure platform creates distinctive consumer experiences by connecting bodily gadgets to cell units, which creates a wealthy visible and interactive atmosphere for customers by means of the mixing of actual objects and digital surroundings. Distinguished by its personal proprietary know-how, Blue Hat goals to create an interesting, interactive and immersive neighborhood for its customers. For extra info, please go to the Firm’s investor relations web site at http://ir.bluehatgroup.com. The Firm routinely supplies necessary info on its web site.
This launch incorporates forward-looking statements inside the which means of Part 27A of the Securities Act of 1933, as amended and Part 21E of the Securities Alternate Act of 1934, as amended. All forward-looking statements are inherently unsure as they’re based mostly on present expectations and assumptions regarding future occasions or future efficiency of the Firm. Readers are cautioned to not place undue reliance on these forward-looking statements, that are solely predictions and converse solely as of the date hereof. In evaluating such statements, potential traders ought to evaluate fastidiously numerous dangers and uncertainties recognized on this launch and issues set within the Firm’s SEC filings. These dangers and uncertainties may trigger the Firm’s precise outcomes to vary materially from these indicated within the forward-looking statements.
Blue Hat Interactive Leisure Know-how
Cellphone: +86 (592) 228-0010
Electronic mail: [email protected]
The Fairness Group Inc. In China
Cellphone: (212) 836-9606
Electronic mail: [email protected];
Senior Vice President Lucy Ma, Affiliate
Electronic mail: [email protected]
SOURCE Blue Hat Interactive Leisure Know-how