{"id":379053,"date":"2020-11-11T16:33:17","date_gmt":"2020-11-11T21:33:17","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=379053"},"modified":"2020-11-11T16:33:17","modified_gmt":"2020-11-11T21:33:17","slug":"blue-hat-receives-nasdaq-notification-regarding-minimum-bid-price-deficiency","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/blue-hat-receives-nasdaq-notification-regarding-minimum-bid-price-deficiency\/","title":{"rendered":"Blue Hat Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">XIAMEN, China<\/span>, <span class=\"xn-chron\">Nov. 11, 2020<\/span> \/PRNewswire\/ &#8212; <b>Blue Hat Interactive Entertainment Technology (&#8220;Blue Hat&#8221; or the &#8220;Company&#8221;) (NASDAQ: BHAT)<\/b>, a leading producer, developer and operator of augmented reality (&#8220;AR&#8221;) interactive entertainment games, toys and educational materials in <span class=\"xn-location\">China<\/span>, today announced \u00a0it has received a notification letter from The Nasdaq Stock Market LLC (&#8220;Nasdaq&#8221;) notifying the Company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rules for continued listing on the Nasdaq Capital Market, since the closing bid price for the Company&#8217;s common shares listed on Nasdaq was below <span class=\"xn-money\">US$1.00<\/span> for 30 consecutive trading days. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of <span class=\"xn-money\">US$1.00<\/span> per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days.<\/p>\n<p>The notification has no immediate effect on the listing of the Company&#8217;s common shares on Nasdaq. <\/p>\n<p>In accordance with Listing Rule 5810(c)(3)(A), the Company has a period of 180 calendar days from the date of notification, or until May 5, 2021, to regain compliance with the minimum bid price requirement during which time the Company&#8217;s ordinary shares will continue to trade on the Nasdaq Capital Market. If at any time before May 5, 2021 the bid price of the Company&#8217;s ordinary shares closes at or above US$1.00 per share for a minimum of 10 consecutive business days, Nasdaq will provide written notification that the Company has achieved compliance with the minimum bid price requirement. In the event the Company does not regain compliance by May 5, 2021, the Company may be eligible for additional time to regain compliance or may face delisting.<\/p>\n<p>The Company intends to monitor the closing bid price of its ordinary shares between now and <span class=\"xn-chron\">May 5, 2021<\/span>, and intends to cure the deficiency within the prescribed compliance period.<\/p>\n<p>\n        <b>About Blue Hat<br \/><\/b>Blue Hat Interactive Entertainment Technology is a producer, developer and operator of AR interactive entertainment games and toys in <span class=\"xn-location\">China<\/span>, including interactive educational materials, mobile games, and toys with mobile game features. The Company&#8217;s interactive entertainment platform creates unique user experiences by connecting physical items to mobile devices, which creates a rich visual and interactive environment for users through the integration of real objects and virtual scenery. 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&#8217;s investor relations website at\u00a0. The Company routinely provides important information on its website.<\/p>\n<p>\n        <b>Forward-Looking Statements\u00a0<br \/><\/b>This 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 as they are based on current expectations and assumptions concerning future events or 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 such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the Company&#8217;s SEC filings. These risks and uncertainties could cause the Company&#8217;s actual results to differ materially from those indicated in the forward-looking statements.<\/p>\n<p>\n        <b>Contacts<\/b>:<br \/>Blue Hat Interactive Entertainment Technology<br \/>Phone: +86 (592) 228-0010<br \/>Email:\u00a0<a target=\"_blank\" href=\"mailto:ir@bluehatgroup.net\" rel=\"nofollow noopener noreferrer\">ir@bluehatgroup.net<\/a><\/p>\n<p>\n        <b>Investor Relations:<\/b>\n      <\/p>\n<div>\n<table id=\"convertedTable30de\" cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">The Equity Group Inc.<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">In China<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Adam Prior, Senior Vice President<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Lucy Ma, Associate<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(212) 836-9606<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">+86 10 5661 7012<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <a target=\"_blank\" href=\"mailto:aprior@equityny.com\" class=\"prnews_a\" rel=\"nofollow noopener noreferrer\">aprior@equityny.com<\/a><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <a target=\"_blank\" href=\"mailto:lma@equityny.com\" class=\"prnews_a\" rel=\"nofollow noopener noreferrer\">lma@equityny.com<\/a><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN88553&amp;sd=2020-11-11\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/blue-hat-receives-nasdaq-notification-regarding-minimum-bid-price-deficiency-301171113.html\">http:\/\/www.prnewswire.com\/news-releases\/blue-hat-receives-nasdaq-notification-regarding-minimum-bid-price-deficiency-301171113.html<\/a><\/p>\n<p>SOURCE  Blue Hat Interactive Entertainment Technology<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CN88553&amp;Transmission_Id=202011111630PR_NEWS_USPR_____CN88553&amp;DateId=20201111\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire XIAMEN, China, Nov. 11, 2020 \/PRNewswire\/ &#8212; Blue Hat Interactive Entertainment Technology (&#8220;Blue Hat&#8221; or the &#8220;Company&#8221;) (NASDAQ: BHAT), a leading producer, developer and operator of augmented reality (&#8220;AR&#8221;) interactive entertainment games, toys and educational materials in China, today announced \u00a0it has received a notification letter from The Nasdaq Stock Market LLC (&#8220;Nasdaq&#8221;) notifying the Company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rules for continued listing on the Nasdaq Capital Market, since the closing bid price for the Company&#8217;s common shares listed on Nasdaq was below US$1.00 for 30 consecutive trading days. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of US$1.00 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/blue-hat-receives-nasdaq-notification-regarding-minimum-bid-price-deficiency\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Blue Hat Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-379053","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Blue Hat Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/blue-hat-receives-nasdaq-notification-regarding-minimum-bid-price-deficiency\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blue Hat Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire XIAMEN, China, Nov. 11, 2020 \/PRNewswire\/ &#8212; Blue Hat Interactive Entertainment Technology (&#8220;Blue Hat&#8221; or the &#8220;Company&#8221;) (NASDAQ: BHAT), a leading producer, developer and operator of augmented reality (&#8220;AR&#8221;) interactive entertainment games, toys and educational materials in China, today announced \u00a0it has received a notification letter from The Nasdaq Stock Market LLC (&#8220;Nasdaq&#8221;) notifying the Company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rules for continued listing on the Nasdaq Capital Market, since the closing bid price for the Company&#8217;s common shares listed on Nasdaq was below US$1.00 for 30 consecutive trading days. 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Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of US$1.00 &hellip; Continue reading \"Blue Hat Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/blue-hat-receives-nasdaq-notification-regarding-minimum-bid-price-deficiency\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-11T21:33:17+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN88553&amp;sd=2020-11-11","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/blue-hat-receives-nasdaq-notification-regarding-minimum-bid-price-deficiency\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/blue-hat-receives-nasdaq-notification-regarding-minimum-bid-price-deficiency\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Blue Hat Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency","datePublished":"2020-11-11T21:33:17+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/blue-hat-receives-nasdaq-notification-regarding-minimum-bid-price-deficiency\/"},"wordCount":605,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/blue-hat-receives-nasdaq-notification-regarding-minimum-bid-price-deficiency\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN88553&amp;sd=2020-11-11","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/blue-hat-receives-nasdaq-notification-regarding-minimum-bid-price-deficiency\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/blue-hat-receives-nasdaq-notification-regarding-minimum-bid-price-deficiency\/","name":"Blue Hat Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency - 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