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Blue Hat regains compliance with

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XIAMEN, China, June 15, 2022 (GLOBE NEWSWIRE) — Blue Hat Interactive Entertainment Technology (“Blue Hat” or the “Company”) (BHAT)a leading provider, producer and developer of Internet data center and communication services (“IDC”), and an operator of mobile game and augmented reality (“AR”) educational programs and products in China, today announced that on June 13, 2022 it received a letter (the “Letter”) from the Listing Qualifications Department of Nasdaq Stock Market LLC notifying the Company that it has regained compliance with the Price Requirement minimum bid from the Nasdaq Capital Market and the deal is closed.

On June 18, 2021, the Company was first notified by Nasdaq of its inability to maintain a minimum bid price of $1.00 per share for 30 consecutive trading days under Nasdaq 5550 listing rules( a)(2) and 5810(c)(3)(A), and received its first extension of 180 days, or until December 15, 2021 to regain compliance. On December 16, 2021, the Company received a second extension of 180 days from Nasdaq or until June 13, 2022 to regain compliance. Effective May 27, 2022, the Company completed a 1:10 reverse stock split.

The letter stated that as of June 10, 2022, Blue Hat had demonstrated a closing bid price for its common stock at or above the minimum requirement of $1.00 per share for the last 10 consecutive business days. As a result, Blue Hat has regained compliance with Nasdaq Marketplace Rule 5550(a)(2), and Nasdaq considers the matter closed.

About the Blue Hat
Blue Hat Interactive Entertainment Technology is a leading provider of communication and IDC services as well as a producer, developer and operator of AR interactive entertainment games, toys and educational materials in China. Distinguished by its own proprietary technology, Blue Hat aims to create an engaging, interactive and immersive community for its users. For more information, please visit the Company’s Investor Relations website at http://ir.bluehatgroup.com. The Company regularly provides important information on its website.

Forward-looking statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain because they are based on current expectations and assumptions regarding future events or the future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating these statements, potential investors should carefully consider the various risks and uncertainties identified in this release and the matters set forth in the Company’s filings with the SEC. These risks and uncertainties could cause the Company’s actual results to differ materially from those indicated in the forward-looking statements.

contacts:
Blue Hat Interactive Entertainment Technology
Phone: +86 (592) 228-0010
E-mail: [email protected]

Blue Hat Interactive Entertainment Technology

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