Blue Hat Regains Compliance with Nasdaq Minimum Bid Price Requirement

Core Viewpoint - Blue Hat Interactive Entertainment Technology has regained compliance with Nasdaq's minimum bid price requirement, closing the matter with Nasdaq [1][3]. Group 1: Compliance with Nasdaq - On September 6, 2024, Nasdaq notified Blue Hat that its bid price had fallen below $1.00 per share for 30 consecutive business days, violating Listing Rule 5550(a)(2) [2]. - The company was given until March 5, 2025, to regain compliance but received a delisting determination on January 24, 2025, due to a closing bid price of$0.10 or less for ten consecutive trading days [2]. - As of March 28, 2025, Blue Hat's closing bid price was at or above $1.00 for the past 10 consecutive trading days, thus regaining compliance [3]. Group 2: Monitoring and Future Compliance - Following the compliance regaining, Blue Hat will be under a mandatory panel monitor for one year, until April 2, 2026, to ensure continued compliance with the minimum bid price requirement [4]. - If the company fails to meet the minimum bid price requirement for 30 consecutive trading days, it will not be allowed to submit a compliance plan, and a delisting determination will be issued [4]. Group 3: Company Background - Blue Hat was previously a provider of communication services and is now focused on AR interactive entertainment games, toys, and educational materials in China [5]. - The company is expanding into commodity trading, aiming to become a leading intelligent commodity trader globally [5].