Schiff Advises Placement Agent in $7.59 Million Direct Offering for Blue Hat Interactive Entertainment

News

Schiff Advises Placement Agent in $7.59 Million Direct Offering for Blue Hat Interactive Entertainment

News Release |

Schiff Hardin LLP served as counsel to the placement agent in Blue Hat Interactive Entertainment Technology’s registered direct offering of over seven million shares at a price of $1.06 per share, resulting in total gross proceeds of $7.59 million. The Company also issued to the investors unregistered warrants to purchase up to 3,580,000 ordinary shares in a concurrent private placement. Blue Hat is a leading producer, developer, and operator of augmented reality interactive entertainment games, toys, and educational materials in China. The net proceeds from this offering will be used for general working capital purposes.

FT Global Capital, Inc. acted as the exclusive placement agent for the transaction, which closed on February 4, 2021.