Blue Hat Interactive prices 55.95M shares at 7c in registered direct offering

Blue Hat Interactive (BHAT) Entertainment has entered into securities purchase agreements with several institutional investors to purchase an aggregate of 55,950,000 Ordinary Shares in a registered direct offering. The Ordinary Shares are being sold at an offering price of $0.07 per share. The gross proceeds to the Company from the registered direct offering are estimated to be approximately $3.9 million before deducting the placement agent’s fees and other estimated offering expenses payable by the Company. The offering is expected to close on or about January 10, 2025, subject to the satisfaction of customary closing conditions. Maxim Group is acting as the sole placement agent in connection with the offering.