Blue Hat (NASDAQ: BHAT), a Cayman Islands company, today announced that it expects to implement a 1-for-10 reverse stock split on its ordinary shares effective Friday, May 27, 2022, with trading to begin on a split-adjusted basis at the market open on that day. Ordinary shares will continue trading on the Nasdaq Capital Market under the symbol BHAT. Following the reverse stock split, the new CUSIP number for the ordinary shares is G1329V 205. Every 10 of the company’s issued and outstanding ordinary shares will automatically be converted into one issued and outstanding ordinary share upon effectiveness of the split. No fractional shares will be issued, with, instead, fractional shares that would have resulted from the split to be rounded up to the next whole number. The reverse stock split affects all shareholders uniformly and, except for adjustments that may result from the treatment of fractional shares, will not alter any shareholder’s percentage interest in the company’s outstanding ordinary shares.
To view the full press release, visit https://ibn.fm/UMlXX
About Blue Hat Interactive Entertainment Technology
Blue Hat is a leading communication services and internet data center (“IDC”) business provider as well as a producer, developer and operator of AR interactive entertainment games, toys and educational materials in China. Distinguished by its own proprietary technology, Blue Hat aims to create an engaging, interactive and immersive community for its users. For more information, please visit the company’s investor relations website at https://IR.BlueHatGroup.com.
NOTE TO INVESTORS: The latest news and updates relating to BHAT are available in the company’s newsroom at http://ibn.fm/BHAT
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