Baosheng media group holdings limited announces full exercise of underwriters' over-allotment option

Beijing, china, march 03, 2021 (globe newswire) -- baosheng media group holdings limited (the “company”) (nasdaq: baos), a china-based online marketing solution provider, today announced the underwriters of its initial public offering ("offering") have exercised in full their option to purchase an additional 900,000 ordinary shares at a public offering price of $5.00 per share to cover overallotments. gross proceeds of the company's initial public offering, including the exercise of the overallotment, totaled $34.5 million, before deducting underwriting discounts and other related expenses. the ordinary shares began trading on the nasdaq capital market on february 8, 2021 under the ticker symbol “baos”.
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