Baosheng Media Indefinitely Postpones Shareholder Vote on 40-to-1 Reverse Split
BAOS is trading near its 52-week low of $0.271 (2.9% above the low) on light trading volume (0.2× avg).
Summary
Baosheng Media has indefinitely postponed its extraordinary general meeting scheduled for September 4, 2026, which was set to vote on a 40-to-1 reverse stock split. The board approved the postponement by written resolution on September 1, 2026. This follows a series of recent governance and financing actions, including the resignation of two independent directors in June and a highly dilutive $12.5 million private offering. The postponement leaves the reverse split proposal in limbo, adding uncertainty for shareholders at a time when the stock trades near its 52-week low. The company has not provided a new meeting date or explanation for the delay.
At the time of this announcement, BAOS was trading at $0.28 on NASDAQ in the Technology sector, with a market capitalization of approximately $433K. The 52-week trading range was $0.27 to $5.40. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.