Beijing, China, May 24, 2022 (GLOBE NEWSWIRE) — Baosheng Media Group Holdings Limited (NASDAQ: BAOS) (“Baosheng” or the “Company”), a China-based on-line advertising and marketing answer supplier, at this time introduced that the Company plans to impact a share consolidation of three.2 odd shares with par worth of $0.0005 per share every within the Company’s issued and unissued share capital into one odd share with par worth of US$0.0016 (the “Share Consolidation”). As a results of the Share Consolidation, every 3.2 pre-split odd shares excellent will robotically mix and convert to 1 issued and excellent odd share with none motion on the a part of the shareholders. The Share Consolidation shall be efficient on May 24, 2022. Beginning with the opening of buying and selling on May 25, 2022, U.S. Eastern time, the Company’s odd shares will start buying and selling on a post-Share Consolidation foundation on the Nasdaq Capital Market beneath the identical image “BAOS” however beneath a brand new CUSIP variety of G08908 116. No fractional shares shall be issued in reference to the Share Consolidation. All fractional shares shall be rounded as much as the entire variety of shares. Immediately following the Share Consolidation, the approved share capital of the Company shall be US$50,000 divided into 31,250,000 odd shares of par worth of US$0.0016 every. About Baosheng Media Group Holdings Limited Baosheng Media Group Holdings Limited, headquartered in Beijing, China, is an internet advertising and marketing answer supplier in China. The Company advises advertisers on on-line advertising and marketing methods, presents value-added promoting optimization companies and facilitates the deployment of on-line adverts in varied types, reminiscent of search adverts, in-feed adverts, cell app adverts and social media advertising and marketing adverts. The Company is devoted to serving to its advertiser purchasers handle their on-line advertising and marketing actions with a view to reaching their enterprise targets. For extra info, please go to the Company’s web site at http://ir.bsacme.com/. Forward-Looking Statements Certain statements on this announcement are forward-looking statements. These forward-looking statements contain recognized and unknown dangers and uncertainties and are based mostly on present expectations and projections about future occasions and monetary traits that the Company believes could have an effect on its monetary situation, outcomes of operations, enterprise technique and monetary wants. Investors can establish these forward-looking statements by phrases or phrases reminiscent of “could,” “will,” “anticipate,” ”anticipate,” “goal,” “estimate,” “intend,” “plan,” “consider,” “potential,” “proceed,” “is/are prone to” or different comparable expressions. The Company undertakes no obligation to replace forward-looking statements to replicate subsequent occurring occasions or circumstances, or modifications in its expectations, besides as could also be required by legislation. Although the Company believes that the expectations expressed in these forward-looking statements are cheap, it can not guarantee you that such expectations will develop into right, and the Company cautions traders that precise outcomes could differ materially from the anticipated outcomes and encourages traders to assessment different components which will have an effect on its future ends in the Company’s registration assertion and in its different filings with the U.S. Securities and Exchange Commission. For extra info, please contact: Investor Relations Contact:Tina XiaoAscent Investor Relations [email protected]
https://www.globenewswire.com/news-release/2022/05/24/2449755/0/en/Baosheng-Media-Group-Holdings-Limited-Announces-Share-Consolidation.html
