Here are the 424B prospectus supplements from Baosheng Media Group Holdings Limited (BAOS) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow BAOS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BAOS filings page.
Baosheng Media Group Holdings Limited is amending its prospectus supplement to clarify pricing terms for a committed equity facility with High West Partners LLC. The company may issue and sell up to US$30,000,000 of Ordinary Shares to High West over time under a July 10, 2026 Purchase Agreement, plus US$300,000 of additional Ordinary Shares as non‑cash commitment consideration. Ordinary Shares outstanding would rise from 31,834,487 to 43,619,999 if the facility is fully utilized on the stated pricing assumptions. Net proceeds are intended for working capital and general corporate purposes.
Baosheng is a Cayman holding company operating through PRC subsidiaries and faces extensive China‑related legal, regulatory, data‑security, capital‑control, and HFCA Act risks that could impair operations, restrict cash movements, or render its securities significantly less valuable. The filing details that no PRC cybersecurity or CSRC permissions are currently required beyond post‑offering CSRC filings, that no dividends have ever been paid to offshore holders, and that historical revenues on a net basis declined to US$0.6 million in both 2024 and 2025 despite a rebound in gross billing in 2025.
Baosheng Media Group Holdings Limited is offering up to US$30,000,000 of ordinary shares under a Purchase Agreement with High West Partners LLC, plus US$300,000 of additional ordinary shares as Commitment Shares. High West is deemed an underwriter and will buy shares over time at formula-based prices.
Ordinary shares outstanding were 31,834,487 before this facility and would be 43,619,999 if all example shares are issued. Pro forma as adjusted net tangible book value would increase to US$45.8 million, or US$1.05 per share. Proceeds are earmarked for working capital and general corporate purposes.
The company highlights substantial PRC-related regulatory, data-security, cash-transfer, HFCA Act and anti-monopoly risks. Operations are conducted through wholly owned PRC subsidiaries (no VIE), and no dividends have yet been paid to offshore shareholders or U.S. investors.