Baosheng Media Group Holdings Limited (NASDAQ: BAOS) has received a deficiency notice from Nasdaq for failing to maintain the minimum bid price requirement for its ordinary shares. The company's ordinary shares failed to meet the $1.00 per share minimum bid price for 30 consecutive business days ending September 9, 2026.
The notice does not immediately affect the listing status of the company's ordinary shares. However, Baosheng Media has until March 9, 2027, to regain compliance by achieving a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days. If the company chooses to complete a reverse stock split to regain compliance, it must be done no later than ten business days prior to the deadline.
Baosheng Media Group Holdings Limited operates as a performance-marketing solutions provider focused on short-form video and social-media platforms.
