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0.0378787878787879 -0.00757575757575758 -0.00757575757575758 -0.0150757575757576 -0.00757575757575758 0.0530303030303031 0.0303030303030303 0.0151515151515152
Stock impact report

Blue Hat Announces Signing of Securities Purchase Agreement

Blue Hat Interactive Entertainment Technology - Ordinary Shares (BHAT) 
Company Research Source: PR Newswire
XIAMEN, China, July 9, 2020 /PRNewswire/ -- Blue Hat Interactive Entertainment Technology ("Blue Hat" or the "Company") (NASDAQ: BHAT), a producer, developer and operator of augmented reality ("AR") interactive entertainment games, toys and educational materials in China, today announced that it has entered into a Securities Purchase Agreement (the "SPA") with two accredited institutional investors (each a "Holder" and collectively the "Holders") to sell senior secured convertible notes (the "Convertible Notes") of the Company in a private placement (the "Private Placement") to the Holders, in the aggregate principal amount of $3,262,000, together with the issuance of warrants (the "Warrants" and, together with the Convertible Notes, the "Securities") to acquire up to 784,000 ordinary shares of the Company (the "Ordinary Shares") for an aggregate cash purchase price of $2,800,000 (reflecting an original issue discount of $462,000). The Company intends to use the net proceeds for worki Show less Read more
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