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ChineseNewsBreaks – Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) Receives Notification from NASDAQ Regarding Bid Price ‘Compliance Deficiency’

Blue Hat Interactive (NASDAQ: BHAT), a company expanding its business to commodity trading and aiming to become a leading intelligent commodity trader worldwide, received notification from the NASDAQ stock market that the company is not in compliance with the market’s minimum bid price requirement. According to the announcement, the guidelines require that the closing bid price for a company’s ordinary shares listed on NASDAQ be a minimum of $1, with failure to meet that guideline for 30 consecutive business days creating a “compliance deficiency.”

The announcement stated that “the notification has no immediate effect on the listing of the company’s ordinary shares on Nasdaq. . . . The company has a period of 180 calendar days from the date of notification, or until March 5, 2025, to regain compliance with the minimum bid price requirement, during which time the company’s ordinary shares will continue to trade on the NASDAQ Capital Market. If at any time before the end of the compliance period, the bid price of the company’s ordinary shares closes at or above $1 per share for a minimum of 10 consecutive business days, NASDAQ will provide written notification that the company has achieved compliance with the minimum bid price requirement.”

To view the full press release, visit https://ibn.fm/BEaxt

About Blue Hat Interactive Entertainment Technology

Blue Hat was formerly a provider of communication services and IDC business, as well as a producer, developer and operator of AR interactive entertainment games, toys and educational materials in China. Leveraging years of technological accumulation and unique patented technology, Blue Hat is expanding its business to commodity trading, aiming to become a leading intelligent commodity trader worldwide. For more information about the company, please visit 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

About ChineseWire

ChineseWire (“CW”) is a specialized communications platform with a focus on promising China-based companies that are listed in North America. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CW brings its clients unparalleled recognition and brand awareness. CW is where breaking news, insightful content and actionable information converge.

For more information, please visit https://www.ChineseWire.com

Please see full terms of use and disclaimers on the ChineseWire website applicable to all content provided by CW, wherever published or re-published: https://www.ChineseWire.com/Disclaimer

ChineseWire
Los Angeles, CA
www.ChineseWire.com
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Editor@ChineseWire.com

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