Schiff Counsels Placement Agent in $5.66M Registered Direct Offering by Blue Hat Interactive Entertainment Technology

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Schiff Counsels Placement Agent in $5.66M Registered Direct Offering by Blue Hat Interactive Entertainment Technology

News Release |

Schiff Hardin LLP advised the placement agent in connection with Blue Hat Interactive Entertainment Technology’s registered direct offering with two institutional investors, for the purchase and sale of more than 6 million of its ordinary shares at a price of $0.90 per share, resulting in total gross proceeds of approximately $5.66 million. Blue Hat is a leading producer, developer, and operator of augmented reality interactive entertainment games, toys, and educational materials in China. The net proceeds of approximately $5.23 million will be used for working capital and other general corporate purposes.

FT Global Capital, Inc. acted as the exclusive placement agent for the transaction, which closed on May 10, 2021.