Blue Hat Interactive Entertainment Technologies Plans To Acquire, Through Multiple Rounds, An Aggregate Of 60% Of The Shares Of GTC Multi Trading DMCC; Financial Terms Not Disclosed

Author: Benzinga Newsdesk | May 22, 2024 08:40am

Blue Hat Interactive Entertainment Technology ("Blue Hat" or the "Company") (NASDAQ:BHAT) today announced that it has entered into a Letter of Intent (the "LOI") to acquire GTC Multi Trading DMCC ("GTCM"), a financial technology company registered in the United Arab Emirates. According to the LOI, BHAT plans to acquire, through multiple rounds, an aggregate of 60% of the shares of GTCM through the issuance of ordinary shares. The transaction represents a significant milestone for BHAT in the global fintech sector, especially in the innovative realm of artificial intelligence (AI)-assisted trading of gold and other precious metals and financial derivatives.

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