Baosheng Media Group Holdings Ltd (BAOS) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Baosheng Media Group Holdings Ltd is facing a lawsuit from three institutional investors alleging the company made untrue statements and omitted material facts in its registration statement, potentially misleading investors. The plaintiffs, two of whom invested $10 million in the company based on the contested statement, are now amending their complaint, with the company planning a vigorous defense. No court date has been set for the lawsuit as of the report date.
For further insights into BAOS stock, check out TipRanks’ Stock Analysis page.