Blue Hat: Drops on discounted share offering

Blue Hat Interactive Entertainment Technology

01/02/2021 15:50

** Shares of the interactive games developer  BHAT.O  down
11.27% at 1.18
    ** Blue Hat announces direct offering of 7.16 mln shares at
a price of $1.06 per share to raise proceeds of $7.59 mln 
 urn:newsml:reuters.com:*:nPn5mYSCja
    ** Offer price represents a discount of 20% to stock's last
close
    ** Shares on offer represent ~20% of co's outstanding shares
    ** FT Global Capital Inc is the sole placement agent in this
offering that is expected to close on Feb 3
    ** BHAT shares up 49.43% YTD, as of last close

 (Reporting by Lasya Priya M in Bengaluru)
 ((LasyaPriya.M@thomsonreuters.com;))