Blue Hat Announces 1-for-100 Reverse Stock Split

Core Viewpoint - Blue Hat Interactive Entertainment Technology plans to implement a 1-for-100 reverse stock split effective March 17, 2025, to adjust its share structure and potentially enhance its market position [1][2][3] Group 1: Reverse Stock Split Details - The reverse stock split will convert every 100 shares of the Company's ordinary shares into one share, increasing the par value from $0.01 to$1 per share [2] - The total number of ordinary shares before the split is 493,820,989, and trading will continue under the symbol "BHAT" on the Nasdaq Capital Market [1][2] - No fractional shares will be issued; any resulting fractions will be rounded up to the next whole number [2] Group 2: Company Background - Blue Hat was previously focused on communication services and the development of AR interactive entertainment games, toys, and educational materials in China [4] - The Company is now expanding into commodity trading, aiming to become a leading intelligent commodity trader globally [4]