Blue Hat Board Approves $1 Million Share Buyback Over Six Months
Blue Hat's board approved a share repurchase program to buy back up to $1 million of ordinary shares over the next six months. The company plans to use cash on hand and operational cash flows to execute repurchases under federal securities regulations.
1. Board Authorizes $1 Million Share Repurchase Program
Blue Hat's board approved a program to buy back up to $1 million of ordinary shares over the next six months from the open market or through private transactions.
2. Funding Strategy and Regulatory Framework
The company intends to use cash on hand and proceeds from operations to fund repurchases in compliance with Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act, with timing dependent on market conditions.
3. Business Profile and Expansion Goals
Blue Hat, known for AR interactive entertainment games and educational materials, is leveraging its patented technologies and cash flow to expand into global intelligent commodity trading.