Blue Hat Interactive Entertainment Technology BHAT Archives

TuesdayMay 11, 2021 9:30 am

QualityStocksNewsBreaks – Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) Registered Direct Offering Results in $5.66M

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT), a leading producer, developer and operator of augmented reality interactive entertainment games, toys and educational materials in China, has closed a registered direct offering. The offering, conducted with two institutional investors, comprised the purchase and sale of 6,290,000 BHAT ordinary shares, which were sold for $0.90 per share. The transaction resulted in total gross proceeds of approximately $5.66 million for BHAT, before traditional fees and other estimated offering expenses have been deducted. In addition, the company issued unregistered warrants to the investors to purchase an additional 4,088,500 ordinary shares in a concurrent private placement; those warrants…

ThursdayMay 06, 2021 2:52 pm

QualityStocksNewsBreaks – Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) Announces $5.66M Registered Direct Offering

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT), a leading producer, developer and operator of augmented reality (“AR”) interactive entertainment games, toys and educational materials in China, today announced its entry into a securities purchase agreement with two institutional investors, providing for the purchase and sale of 6,290,000 of its ordinary shares, each at a price of $0.90, in a registered direct offering. Blue Hat expects to secure total gross proceeds of $5,661,000 upon closing of the offering. In addition, the company has agreed to issue to the investors unregistered warrants to purchase up to 4,088,500 ordinary shares in a concurrent…

WednesdayMay 05, 2021 2:21 pm

QualityStocksNewsBreaks – Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) Announces Strong Performance Across All Business Segments for Q1 2021

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT), a leading producer, developer and operator of augmented reality ("AR") interactive entertainment games, toys and educational materials in China, today announced its unaudited financial results for the quarter ended March 31, 2021. "We were pleased with the strong performance across all of our business segments, which resulted in phenomenal top line growth driven by US$5.3 million in contributions from our new IDC business and by a US$2.4 million increase in contributions from mobile games following our acquisition of 51% of Csfctech and its two subsidiaries in January 2021," said Xiaodong Chen, CEO of…

FridayApr 30, 2021 11:09 am

QualityStocksNewsBreaks – Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) Launches AR+ Series Curriculum Through Urban Partnership Model

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT), a leading producer, developer and operator of augmented reality ("AR") interactive entertainment games, toys and educational materials in China, today announced that its subsidiary Fujian Zhongqing Hand in Hand Education Technology Co., Ltd. ("Zhongqing") signed a three-year "Augmented Reality Plus" or "AR+" series curriculum cooperation agreement with qualified "urban partnerships" in five different cities at the recently concluded China Education Equipment Exhibition. The five urban partnership cities are: Quanzhou in Fujian Province, Huizhou in Guangdong Province, Danzhou in Hainan Province, Fuzhou in Jiangxi Province, and Yinchuan in the Ningxia Hui Autonomous Region. "We…

WednesdayApr 28, 2021 11:54 am

QualityStocksNewsBreaks – Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) Announces Excellent Performance of Csfctech’s Core Products Since Acquisition

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT), a leading producer, developer and operator of augmented reality ("AR") interactive entertainment games, toys and educational materials in China, today announced preliminary revenue contributed by its subsidiary, Fuzhou Csfctech Co. Ltd. ("Csfctech"), of RMB23.0 million (approximately US$3.53 million) year-to-date, which has grown steadily since the acquisition closed. "We are pleased to see the excellent performance of Csfctech's core products since the acquisition in late 2020, with solid growth in customer base and revenue that has been supported by increased demand in the overall gaming sector," said Xiaodong Chen, CEO of Blue Hat. "Csfctech's…

WednesdayApr 21, 2021 3:01 pm

QualityStocksNewsBreaks – Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) Announces Initial Results of Cooperation with China’s Top Mobile Operators

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT), a leading producer, developer and operator of augmented reality ("AR") interactive entertainment games, toys and educational materials in China, today announced that its controlling subsidiary Xunpusen (Xiamen) Technology Co. Ltd. has achieved total transaction volume of RMB31 million (approximately US$4.77 million) in direct deals with China's top three mobile operators. "We are pleased with the initial results of our cooperation with China's top three mobile operators following our strategic deployment of Xunpusen," said Xiaodong Chen, CEO of Blue Hat. "The InternetPlus model of value-added services under data collection and operation creates favorable conditions…

ThursdayApr 15, 2021 10:30 am

QualityStocksNewsBreaks – Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) Partners with Tencent QQ for Well-Known QQ Penguin Logo and Emoji

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT), a leading producer, developer and operator of augmented reality ("AR") interactive entertainment games, toys and educational materials in China, today announced its entry into a two-year licensing agreement with Tencent QQ ("QQ"), an instant messaging and social platform for PC and mobile users. Under the agreement, Blue Hat will use intellectual property ("IP") of the QQ penguin logo and QQ emoji on its toy products and related marketing materials, effective March 1, 2021. "We are pleased to partner with QQ under this licensing agreement for their well-known QQ penguin logo and QQ emoji,"…

ThursdayApr 08, 2021 9:23 am

QualityStocksNewsBreaks – Blue Hat Interactive (NASDAQ: BHAT) Releases FY 2020 Financial Numbers

Blue Hat Interactive (NASDAQ: BHAT), a leading producer, developer and operator of augmented reality interactive entertainment games, toys and educational materials in China, released its audited financial numbers for the fiscal year ended Dec. 31, 2020. The company also announced that an April 8 conference call would discuss the results. Highlights of the financial report included total revenue for the company of $30.2 million, an increase of more than 26% over FY 2019; gross profit of $14 million; and cash equivalent of $15.8 million in cash and cash equivalents. The report also noted operational highlights for the year, including a three-year licensing…

ThursdayApr 01, 2021 1:44 pm

QualityStocksNewsBreaks – Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) Reschedules Planned Release of Year-End 2020 Results, Conference Call

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT), a leading producer, developer and operator of augmented reality ("AR") interactive entertainment games, toys and educational materials in China, today announced the rescheduled release of its financial results for the year ended December 31, 2020. The results will be issued after the closing of the stock market on Wednesday, April 7, 2021. In addition, the company will discuss those results and its strategy in a conference call at 8:30 a.m. ET on Thursday, April 8, 2021. Interested parties may join the call by dialing (877) 407-9046 (U.S. and Canada/Toll-Free, (201) 689-8733 (International/Toll), (400)…

TuesdayMar 23, 2021 1:06 pm

QualityStocksNewsBreaks – Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) Has Signed Three-Year Framework Agreement with Leading Cloud Service Provider in China

Blue Hat Interactive (NASDAQ: BHAT), a leading producer, developer and operator of augmented reality interactive entertainment games, toys and educational materials in China, has signed a three-year framework agreement with Kingsoft Cloud Holdings Limited (NASDAQ: KC). The agreement, which has been in place since August 2020, calls for Blue Hat to provide mainframe hosting, system maintenance, troubleshooting and other services for Kingsoft Cloud, which is a leading cloud service provider in China. The agreement follows Blue Hat’s late-2020 acquisition of Xunpusen Technology Co. Ltd. and is an indication of BHAT’s expanding internet data center ("IDC") business. IDC enables hosting enterprises, merchants,…

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