Blue hat announces receipt of nasdaq delisting notice subject to hearing request

Xiamen, china, jan. 28, 2025 (globe newswire) -- blue hat interactive entertainment technology (“blue hat” or the “company”) (nasdaq: bhat), today announced that on january 24, 2025, it has received a letter from the nasdaq stock market llc (“nasdaq”), notifying that the company is not in compliance with nasdaq listing rule 5810(c)(3)(a)(iii) (the “low priced stocks rule”), as the company's securities had a closing bid price of $0.10 or less for ten consecutive trading days from january 8, 2025 through january 23, 2025. the letter indicated that, as a result, the nasdaq staff has determined to delist the company's ordinary shares from the nasdaq capital market (the “delisting determination”).
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