XIAMEN, China, Dec. 17, 2021 /PRNewswire/ -- Blue Hat
Interactive Entertainment Technology ("Blue Hat" or the "Company")
(NASDAQ: BHAT), a leading communication services and internet
data center ("IDC") business provider and developer, and an
operator of mobile games and augmented reality ("AR") education
curricula and products in China,
today announced that on December 16,
2021, the Company received a 180 calendar day extension
("Second Compliance Period") from Nasdaq's Listing Qualifications
Department to meet Nasdaq's continuing listing requirements by
maintaining a minimum bid price per share of $1.00 for a minimum of 10 consecutive trading
days. The Company now has until June 13,
2022 to regain compliance.
If at any time before June 13,
2022, the bid price of the Company's ordinary shares closes
at or above $1.00 per share for a
minimum of 10 consecutive trading days, the Company will regain
compliance with the Nasdaq Listing Rules, and the matter will be
closed.
The Company was first notified by Nasdaq of its failure 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 was given
until December 15, 2021 to regain compliance.
About Blue Hat
Blue Hat is a leading communication services and internet data
center ("IDC") business provider and developer, and an operator of
mobile games and augmented reality ("AR") education curricula 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 routinely
provides important information on its website.
Forward-Looking Statements
This 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 concerning future
events or future performance of the Company. Readers are cautioned
not to place undue reliance on these forward-looking statements,
which are only predictions and speak only as of the date hereof. In
evaluating such statements, prospective investors should review
carefully various risks and uncertainties identified in this
release and matters set in the Company's SEC filings. These risks
and uncertainties could cause the Company's actual results to
differ materially from those indicated in the forward-looking
statements.
Contacts:
Blue Hat Interactive Entertainment Technology
Phone: +86 (592) 228-0010
Email: ir@bluehatgroup.net
Investor Relations:
The Equity Group
Inc.
In China
Carolyne Sohn, Vice
President Lucy
Ma, Associate
(415)
568-2255
+86 10 5661 7012
csohn@equityny.com lma@equityny.com
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SOURCE Blue Hat Interactive Entertainment Technology