Baosheng Media Group Holdings Limited announced it received a deficiency letter from the Nasdaq Listing Qualifications Department on September 10, 2026, after its ordinary shares failed to maintain a minimum bid price of $1.00 over the 30 consecutive business days from July 27, 2026 to September 9, 2026. The notice has no immediate effect on the continued listing status of the ordinary shares on The Nasdaq Capital Market, and the company has been given 180 calendar days, until March 9, 2027, to regain compliance under Nasdaq Listing Rule 5810(c)(3)(A). If the closing bid price reaches or exceeds $1.00 per share for at least 10 consecutive business days before that deadline, Nasdaq will confirm compliance and close the matter, though the Staff may require a longer period. Should Baosheng pursue a reverse stock split, it must complete the split no later than ten business days before March 9, 2027. If compliance is not regained in the initial period, the company may qualify for an additional 180 calendar days by meeting the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, apart from the minimum bid price requirement, and by notifying Nasdaq in writing of its intent to cure the deficiency. Baosheng said it intends to actively monitor its closing bid price and evaluate options to regain compliance, but cautioned there can be no assurance it will do so.
Baosheng Media Group Holdings LtdBaosheng received a Nasdaq deficiency letter for failing to maintain the $1.00 minimum bid price, putting it at risk of delisting if it cannot regain compliance.
