Blue Hat Gets Extension to Meet Nasdaq’s Minimum Bid Price Requirement, Business News


XIAMEN, China, December 17, 2021 / PRNewswire / – Blue Hat Interactive Entertainment Technology (“Blue Hat” or the “Company”) (NASDAQ: BHAT), a leading provider and developer of Internet communications and data center (“IDC”) services, and an operator of mobile games and augmented reality (“AR”) education programs and products in China, today announced that the December 16, 2021, the company received a 180 calendar day extension (“second compliance period”) from the Nasdaq Listing Qualifications Department to meet Nasdaq continuous listing requirements by maintaining a minimum bid price per share of $ 1.00 for at least 10 consecutive trading days. The Company now has up to June 13, 2022 to regain compliance.

If at any time before June 13, 2022, the bid price of the Company’s common shares closes at or above $ 1.00 per share for at least 10 consecutive trading days, the Company will again comply with the Nasdaq listing rules and the matter will be closed.

The Company was first informed by the Nasdaq of its inability 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) on June 23, 2021, and had until December 15, 2021 to restore compliance.

About the blue hat

Blue Hat is a leading provider and developer of Internet communications and data center (“IDC”) services, as well as an operator of mobile gaming and augmented reality (“AR”) programs and products in China. Distinguished by its own proprietary technology, Blue Hat aims to create an engaging, interactive and immersive community for its users. For more information, please visit the company’s Investor Relations website at http://ir.bluehatgroup.com. The Company regularly provides important information on its website.

Forward-looking statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions about future events or the future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are predictions only and speak only as of the date hereof. In evaluating such statements, potential investors should carefully consider the various risks and uncertainties identified in this release and the matters defined in the documents filed by the Company with the SEC. These risks and uncertainties could cause the actual results of the Company to differ materially from those indicated in the forward-looking statements.

Contacts:
Blue Hat interactive entertainment technology
Telephone: +86 (592) 228-0010
Email: [email protected]

Investor Relations:
The Equity Group Inc. In China
Carolyne Sohn, vice-president Lucy Ma, partner
(415) 568-2255 +86 10 5661 7012
[email protected] [email protected]

Related links:

http://www.bluehatgroup.net


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