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Stock impact report

TAOP Announces 1-for -6 Reverse Stock Split

Taoping Inc. - Ordinary Shares (TAOP) 
Company Research Source: GlobeNewswire
SHENZHEN, China, July 29, 2020 (GLOBE NEWSWIRE) -- Taoping Inc. (NASDAQ: TAOP), a leading provider of internet-based smart display screens, and a new-media ecosystem that enables targeted advertising and online retail, today announced that the board of directors of the Company has approved a one (1)-for-six (6) reverse stock split of issued and outstanding ordinary shares, no par value, of the Company. The reverse stock split is expected to be effective at the market opening on July 30, 2020, at which time the Company's ordinary shares will begin trading on the NASDAQ Stock Market on a split-adjusted basis. The Company’s ordinary shares will continue to trade under the symbol “TAOP” but with a new CUSIP number. Once the reverse stock split becomes effective, existing shareholders holding certificates of ordinary shares are expected to receive instructions from the Company's transfer agent, Transhare Corporation, regarding procedures for exchanging share certificates. All outstandin Show less Read more
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