QualityStocksNewsBreaks – Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) Announces $7.59 Million Registered Direct Offering
Blue Hat Interactive (NASDAQ: BHAT), a leading producer, developer and operator of augmented reality interactive entertainment games, toys and educational materials in China , has entered into a securities purchase agreement with two institutional investors. The agreement outlines the purchase and sale of more than 7 million of its ordinary shares. The registered direct offering shares were offered at a price of $1.06 per share and resulted in total gross proceeds of $7,589,600, before fees and other estimated offering expenses are deducted. In addition, BHAT agreed to issue to the investors unregistered warrants to purchase up to 3,580,000 ordinary shares in a concurrent private placement;…