Blue Hat Interactive (NASDAQ: BHAT), a leading communication services and internet data center (“IDC”) business provider, producer and developer, and an operator of mobile games and augmented reality (“AR”) education curricula and products in China, has regained compliance with NASDAQ minimum bid price requirement. The company was notified by the Listing Qualifications Department of Nasdaq Stock Market LLC, which now considers the matter closed. BHAT was initially informed by NASDAQ that it had failed to maintain a minimum bid price of $1 per share for 30 consecutive trading days in June of last year; the company was given two 180-day periods to regain compliance, with the second period ending on June 13, 2022. Last month, the company effected a 1-for-10 reverse stock split. The NASDAQ notification of regaining compliance was received on June 10, 2022, notifying the company that its ordinary shares posted a closing bid price at or greater than the $1 per share minimum requirement for the past 10 consecutive business days.
To view the full press release, visit https://ibn.fm/c3iHH
About Blue Hat Interactive Entertainment Technology
Blue Hat Interactive Entertainment Technology is a leading communication services and IDC business provider as well as a producer, developer and operator of AR interactive entertainment games, toys and educational materials 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 about the company, please visit www.BlueHatGroup.com.
NOTE TO INVESTORS: The latest news and updates relating to BHAT are available in the company’s newsroom at http://ibn.fm/BHAT
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