Blue hat announces receipt of nasdaq notification regarding minimum bid price deficiency

Xiamen, china, dec. 09, 2022 (globe newswire) -- blue hat interactive entertainment technology (“blue hat” or the “company”) (nasdaq: bhat), a leading communication services and internet data center (“idc”) business provider and developer and operator of ar interactive entertainment games, toys and educational materials in china, today announced that on december 6, 2022, it has received a notification letter from the nasdaq stock market llc (“nasdaq”) notifying the company that it is not in compliance with the minimum bid price requirement from october 24, 2022 through december 5, 2022, as set forth in nasdaq listing rules 5550(a)(2), which require that the closing bid price for the company's ordinary shares listed on nasdaq be maintained at a minimum of us$1.00 and failure to meet it for 30 consecutive trading days constitutes a compliance deficiency.
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