Blue Hat Interactive (BHAT)

[StockLogistics]

“900a ET 7/12/2022 - Globe Newswire
Blue Hat Interactive Entertainment Technology Announces Registered Direct Offering of Ordinary Shares

EQNX::TICKER_START (NASDAQ:BHAT), EQNX::TICKER_END Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) ("BHAT" or the "Company"), announces today that it entered into two (2) Securities Purchase Agreements with two accredited investors ("Investors") for the total sale of 1,000,000 ordinary shares, par value $0.01 per share, of the Company ("Ordinary Shares") at a price of US$3.60 per share (the "Offering"). The total Offering are for US$3,600,000.

The Company intends to use the net cash proceeds from the Offering for working capital and general corporate purposes. The first tranche of the Offering in the amount of $1,440,000 is expected to close on or around July 13, 2022 and the second tranche of the Offering for the remaining $2,160,000 is expected to close thereafter in July 2022.

The Offering is being made pursuant to the Company's "shelf" Registration Statement on Form F-3 (File No. 333-249056), which was filed with the Securities and Exchange Commission ("SEC") and became effective on October 6, 2020. The Ordinary Shares are being offered only in the United States by the means of a prospectus supplement. The prospectus supplement and the accompanying prospectus relating to the registered direct offering is expected to be filed with the SEC on July 12, 2021. Electronic copies of the prospectus supplement and the accompanying prospectus relating to the registered direct offering may be obtained, when available, at the SEC's website at http://www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The securities are being offered only by means of a prospectus, including a prospectus supplement and accompanying base prospectus, forming a part of the effective registration statement.

The Company advises investors to review the full details of the transaction in the report on Form 6-K to be filed on July 12, 2021 with the SEC.”

This stock surged yesterday on the theft of a registered offering that previously sank the share price. Explain that if it isn’t money laundering.