Baiya Cuts Resale Shelf to 1.35M Shares, Keeps $200M Mixed Shelf Live
BIYA is trading near its 52-week low of $1.3 (2.3% above the low).
Summary
Baiya filed Amendment No. 2 to its $200 million shelf, cutting the resale tranche from 50 million shares to 1.35 million held by Zeyun Holdings while keeping the full $200 million mixed shelf available for future issuance.
Key Events · Financing and Capital Events · BIYA
-
Resale Shelf Cut to 1.35M Shares
The selling shareholder tranche drops from 50,000,000 shares in the July 23 filing to 1,350,000 Class A shares held by Zeyun Holdings Limited.
-
$200M Mixed Shelf Still Live
The company may still offer up to $200,000,000 of Class A shares, preferred shares, debt securities, warrants, rights or units; no securities have been sold under it yet.
-
Selling Shareholder Identified
Zeyun Holdings acquired its 1,350,000 shares under the April 17, 2026 Securities Purchase Agreement at $0.312 per share (post-reverse-split basis), which closed April 29, 2026; the company receives no proceeds from resales.
-
Post-Split Capital Structure Confirmed
Authorized capital is US$12,680,000 (506,400,000 Class A, 100,000,000 Class B, 100,000,000 preferred); 3,229,864 Class A and 3,600,000 Class B shares were issued and outstanding as of the filing.
Analysis · BIYA · Trade & Services
Baiya's Amendment No. 2 keeps the $200 million mixed shelf in place but shrinks the resale tranche from 50 million shares to 1,350,000 Class A shares held by Zeyun Holdings Limited — the investor that bought in at $0.312 per share (post-split) in April 2026. The company still has the ability to issue up to $200 million of shares, preferred, debt, warrants, rights or units at its discretion, and it has not sold anything under that shelf yet. Against a market cap of roughly $8 million and a stock at $1.33, the authorized-but-unissued share count is enormous relative to the current float, so any future draw on this shelf would be heavily dilutive. The filing also confirms the post-reverse-split capital structure and a public float of about $3.7 million, which underscores how thin the trading base is.
How filings like this one have moved
In the 30 days to Nov 2, 2026, 32.7% of the 1910 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BIYA was trading at $1.33 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $8.2M. The 52-week trading range was $1.30 to $167.97. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.