Baosheng Media Group Holdings Ltd (BAOS) Form 6-K — Oct 16, 2026
Baosheng Media reported H1 2026 revenue of just $62,701, down 77.8% year-over-year, with a net loss of $19.2 million versus $4.2 million a year ago and a gross loss of $272,059. The loss was driven by $14.7 million of share-based compensation from issuing 5.3 million shares to consultants and a $2.7 million impairment of a long-term investment. The filing raises substantial doubt about going concern, mitigated by a June 2026 private placement of 25 million shares for $12.5 million net proceeds, but cash was only $727,694 at June 30 against $6.6 million of current liabilities. Shares outstanding ballooned from 1.53 million to 31.8 million.
Key figures
- Revenue
- 62701
- Revenue Yoy
- -77.8%
- Total Assets
- 17972471
- Cash Position
- 727694
- Gross Proceeds
- 12519413
- Gross billing
- 5.3M vs 11.5M prior year
- Loan receivable
- 12536382
- Current liabilities
- 6595063
- Pipe anruitai shares
- 1280000
- Pipe price per share
- 0.52
- Accounts receivable net
- 2881160
- Consultant shares issued
- 5300000
- High west agreement size
- 30000000
- Private placement shares
- 25000000
- Nasdaq bid price deficiency
- below $1.00 for 30 business days, compliance deadline March 9, 2027
- Shares outstanding dec 31 2025
- 1534487
- Impairment long term investment
- 2723588
- Shares outstanding june 30 2026
- 31834487
- Weighted avg shares outstanding
- 4924542
- Selling marketing expenses h1 2026
- 14845025
- Receivable asset listing book value
- RMB 226.2M (~$33.41M) appraised at RMB 8.6M (~$1.26M)
- Share based comp consultant shares value
- 14681000
AI analysis
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