Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) has priced an underwritten public offering of 32 million units at $0.20 per unit, generating approximately $6.4 million in gross proceeds. Each unit comprises one ordinary share and one warrant exercisable for one ordinary share, providing investors with equity participation and future exercise rights in the entertainment technology company.
Maxim Group LLC is serving as the sole underwriter for the offering. The company intends to use the net proceeds for working capital requirements and general corporate purposes, which may include operational expenses and strategic initiatives. Settlement of the offering is scheduled for February 23, 2026.
The offering represents a capital-raising effort for the Nasdaq-listed entertainment technology firm as it seeks to strengthen its financial position and support ongoing business operations.