 Blue Hat Interactive Entertainment Technology Blue Hat or the Company NASDAQ: BHAT, a producer, developer and operator of augmented reality AR interactive entertainment games, toys and educational materials in China, today announced that it has entered into a Securities Purchase Agreement the SPA with two accredited institutional investors each a Holder and collectively the Holders to sell senior secured convertible notes the Convertible Notes of the Company in a private placement the Private Placement to the Holders, in the aggregate principal amount of 3,262,000, together with the issuance of warrants the Warrants and, together with the Convertible Notes, the Securities to acquire up to 784,000 ordinary shares of the Company the Ordinary Shares for an aggregate cash purchase price of 2,800,000 reflecting an original issue discount of 462,000. The Company intends to use the net proceeds for working capital and general corporate purposes. The offering is subject to customary closing conditions. 