- BIYA ripped higher today: Shares of Baiya International Group Inc. (NASDAQ: BIYA) jumped more than 100% in U.S. trading today after spiking in the pre‑market and extending gains intraday. [1]
- Volume exploded: Intraday volume surged well above recent averages, signaling heavy speculative interest. As of 14:44 UTC, BIYA traded around $0.62 with intraday volume over 200M shares.
- No fresh company PR/SEC filing this morning: The latest company event on the calendar is an Extraordinary General Meeting on Nov. 28, 2025 to vote on a 25‑for‑1 share consolidation (reverse split) and revised bylaws. [2]
- Context for the volatility: BIYA recently posted H1 FY2025 results (Sept. 30) and in July disclosed a strategic merger framework with Starfish Technology‑FZE to pivot toward digital‑asset/fintech offerings. Earlier (June 5), underwriters partially waived IPO lock‑ups, a setup that can amplify swings. [3]
What happened today (Nov. 6, 2025)
- Pre‑market pop: Before the opening bell, Benzinga flagged BIYA +64% to $0.45 among the morning’s biggest movers. [4]
- Intraday extension: As regular trading got underway, BIYA extended gains; a mid‑session Benzinga market brief cited +121% to ~$0.60. [5]
- Momentum carried over from last night: Tracking services noted a 149% after‑hours spike to ~$0.69 late Wednesday, highlighting the speculative tone heading into today. [6]
Bottom line: It’s a trader‑driven move fueled by momentum, volume, and attention on micro‑cap gainers; no new company‑specific press release or SEC filing hit the tape this morning to explain the surge. (We checked the company newsroom and latest SEC updates; the most recent dated items precede today’s session.) [7]
Why BIYA is in focus this month
Share consolidation vote (Nov. 28):
Baiya filed a Form 6‑K on Oct. 23, 2025 announcing an EGM on Nov. 28. Shareholders will vote on consolidating every 25 Class A ordinary shares into one share (subject to Nasdaq approval) and adopting a fifth amended and restated M&AA to reflect the new capital structure. Fractional shares would be rounded up. Such votes often draw attention from traders in low‑priced, volatile equities. [8]
Business mix and strategy:
In July, Baiya disclosed a strategic merger framework to acquire Starfish Technology‑FZE and shift toward digital assets/fintech, a notable pivot from its core HR tech services (crowdsourced recruitment and SaaS‑enabled HR). This strategic messaging continues to feature prominently in coverage. [9]
Financial updates:
- H1 FY2025 (Sept. 30 release): Net revenues +6.9% to $7.3M, gross profit +49.2% to $0.7M, net loss $4.7M vs. a small profit a year ago; cash balance $0.9M as of June 30, 2025. [10]
- FY2024 (May 13): Revenue $12.8M (+10.7% YoY). [11]
Share‑supply dynamics:
On June 5, the company said underwriters partially waived IPO lock‑ups covering ~2.95M shares, allowing sales from that date. Early unlocks can increase tradable float and magnify volatility around catalysts. [12]
Today’s trading texture: volume, range, and levels to watch
- Volume: Over 200 million shares changed hands intraday by mid‑afternoon UTC—extreme for a micro‑cap, and consistent with short‑term momentum trading.
- Range: Intraday low ~$0.43 / high ~$0.66 so far (prices change rapidly on days like this).
- Recent extremes: BIYA hit an all‑time high ~$8.00 (Mar. 31, 2025) and an all‑time low ~$0.17 (Oct. 27, 2025), illustrating the stock’s outsized historical volatility. [13]
Company background (quick read)
Baiya International Group is a Cayman Islands holding company whose PRC operating entities deliver cloud‑based HR technology services (crowdsourced recruitment, project outsourcing, SaaS HR tools). The company uses a VIE structure for certain China‑based operations and is listed on Nasdaq as “BIYA.” [14]
What could move the stock next
- Nov. 28 EGM outcome: Approval (or rejection) of the 25‑for‑1 share consolidation could affect per‑share price mechanics, Nasdaq compliance optics, and investor perception of capital structure strategy. [15]
- Any new financing, M&A, or product updates: Since July’s Starfish agreement, traders are watching for closing milestones or road‑map clarity in digital‑asset/fintech initiatives. [16]
- Additional filings/press releases: On high‑volatility days, exchanges may issue single‑stock pauses (LUDP) when prices swing quickly; as of publication, no exchange halt notice specific to today had been posted for BIYA on Nasdaq Trader’s public halt list. (That list updates continuously during U.S. market hours.) [17]
Editor’s note & methodology
- Scope (today’s news): We compiled Nov. 6, 2025 developments from Benzinga pre‑market and mid‑session briefs and Chartmill after‑hours data from last night, cross‑checking live pricing/volume via market data and official pages. [18]
- Corporate records & background: Company SEC filings (20‑F, 6‑Ks) and the investor site were referenced for governance, structure, and the Nov. 28 EGM details. [19]
Important dates
- November 28, 2025 — EGM to vote on 25‑for‑1 share consolidation and amended M&AA (record date Oct. 22, 2025). [20]
The bottom line
BIYA’s surge today appears driven by momentum rather than a new company announcement. With a share consolidation vote looming and a history of sharp swings, risk remains elevated. Short‑term traders should be mindful of rapid reversals, while longer‑term investors may focus on whether Baiya can translate its HR tech platform and fintech pivot into sustained revenue and profitability after a loss‑making first half.
This article is for informational purposes only and does not constitute investment advice. Always do your own research and consider your risk tolerance before trading micro‑cap stocks.
References
1. www.benzinga.com, 2. www.sec.gov, 3. www.prnewswire.com, 4. www.benzinga.com, 5. www.benzinga.com, 6. www.chartmill.com, 7. www.baiyainc.com, 8. www.sec.gov, 9. www.sec.gov, 10. www.prnewswire.com, 11. www.prnewswire.com, 12. www.globenewswire.com, 13. www.tradingview.com, 14. www.sec.gov, 15. www.sec.gov, 16. www.sec.gov, 17. www.nasdaqtrader.com, 18. www.benzinga.com, 19. www.sec.gov, 20. www.sec.gov
