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Blue Hat Interactive Entertainment Technology ( (BHAT) ) has shared an announcement.
On January 27, 2025, Blue Hat Interactive Entertainment Technology’s subsidiary, Golden Alpha Strategy Limited, entered a material agreement with Rongxin Precious Metal Technology Co., Ltd. As part of this agreement, Blue Hat will settle an outstanding balance through the issuance of 248,182,908 Ordinary Shares at a 30% premium to the past month’s average closing price. This transaction highlights Blue Hat’s strategic financial maneuvering, potentially impacting its market positioning and shareholder dynamics, especially given the issuance will not require traditional shareholder approval under Cayman Islands regulations.
More about Blue Hat Interactive Entertainment Technology
Blue Hat Interactive Entertainment Technology is a Cayman Islands exempted company primarily involved in interactive entertainment technology. It operates within the gaming and technology industry, offering innovative solutions and products.
YTD Price Performance: -73.33%
Average Trading Volume: 34,245,301
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $9.9M
For a thorough assessment of BHAT stock, go to TipRanks’ Stock Analysis page.