Baosheng Media Group Holdings Ltd (BAOS) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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.