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
Portfolio Pulse from Benzinga Newsdesk
Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) has announced a Letter of Intent to acquire 60% of GTC Multi Trading DMCC, a fintech company in the UAE, through multiple rounds of share issuance. This move marks a significant step for BHAT in the AI-assisted trading sector.
May 22, 2024 | 12:40 pm
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Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) plans to acquire 60% of GTC Multi Trading DMCC, a fintech company, through multiple rounds of share issuance. This acquisition is a significant milestone for BHAT in the AI-assisted trading sector.
The acquisition of a fintech company specializing in AI-assisted trading of precious metals and financial derivatives is likely to enhance BHAT's market position and growth prospects in the fintech sector. This strategic move could attract investor interest and positively impact the stock price in the short term.
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