Blue Hat Interactive Entertainment Technology Announces Exercise and Closing of Underwriter’s Over-Allotment Option in IPO
Blue Hat Interactive Entertainment Technology - Ordinary Shares (BHAT)
Company Research
Source: GlobeNewswire
XIAMEN, China, Aug. 08, 2019 (GLOBE NEWSWIRE) -- via NetworkWire - Blue Hat Interactive Entertainment Technology (“Blue Hat”) (NASDAQ: BHAT), a producer, developer and operator of augmented reality interactive entertainment games and toys in China, announces the issuance and sale of an additional 141,114 ordinary shares priced at $4 per share, before underwriting discounts and commissions, resulting in gross proceeds of $564,456, before underwriting discounts and commissions and offering expenses, pursuant to the exercise of the underwriter’s over-allotment option in connection with Blue Hat’s previously announced underwritten initial public offering (“IPO”). After giving effect to the exercise of the underwriter’s over-allotment option, the total number of ordinary shares sold by Blue Hat in the IPO was 2,141,114 shares and gross proceeds were $8,564,456, before underwriting discounts and commissions and offering expenses. The ordinary shares were approved for listing on The Nasda
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