InvestmentJun 10, 2026, 05:01 PM
Baosheng Media Group Raises $12.5M in PIPE Transaction
AI Summary
Baosheng Media Group Holdings Limited has entered into a subscription agreement with investors for a Private Investment in Public Equity (PIPE) transaction. The company will issue 25,000,000 ordinary shares for an aggregate purchase price of $12,536,125. The closing of the PIPE transaction is expected to occur on a mutually agreed date, after which the company will have 26,534,487 ordinary shares outstanding.
Key Highlights
- Baosheng Media Group entered a subscription agreement with investors on June 5, 2026.
- The company will issue and sell 25,000,000 ordinary shares in a PIPE Transaction.
- The aggregate purchase price for the shares is $12,536,125.
- 24,880,018 ordinary shares were sold at $0.492 per share.
- 119,982 ordinary shares were sold at $2.46 per share.
- Upon closing, the company will have 26,534,487 ordinary shares issued and outstanding.
Price Impact
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