Markets

Blue Hat Falls After Pricing Of $4.4 Mln Registered Direct Offering

January 06, 2025 — 10:10 am EST

Written by RTTNews.com for RTTNews->

(RTTNews) - Blue Hat Interactive Entertainment Technology (BHAT) shares are falling more than 41 percent on Monday after announcing securities purchase agreements with several institutional investors to purchase an aggregate of 55,200,000 Ordinary Shares in a registered direct offering at $0.08 per share.

The gross proceeds are estimated to be approximately $4.4 million and the offering is expected to close on or about January 7, 2025.

Maxim Group LLC is acting as the sole placement agent in connection with the offering.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

Markets
RTTNews
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
More articles by this source->

Stocks mentioned

More Related Articles

Info icon

This data feed is not available at this time.

Data is currently not available

  • •

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.