TAOP Announces Initial Closing of $1.5 Million Private Placement
Taoping Inc. - Ordinary Shares (TAOP)
Company Research
Source: GlobeNewswire
SHENZHEN, China, Nov. 05, 2018 (GLOBE NEWSWIRE) -- Taoping Inc. (NASDAQ: TAOP), a leading provider of internet-based ad distribution and ad display terminal sharing systems in China, today announced the initial closing of a non-brokered private placement of 1 million ordinary shares priced at $1.5 for gross proceeds of $1.5 million, among which 500,000 shares were acquired by Mr. Jianghuai Lin, Chairman and CEO of the Company. The Company announced on September 11, 2018 that it entered into a securities purchase agreement with certain investors, pursuant to which the inventors agreed to purchase an aggregate of 2,000,000 ordinary shares of the Company at a price of $1.50 per share for an aggregate of $3 million. The Company expected that JW Capital Group will purchase the remaining 1 million ordinary shares for $1.5 million before the end of the year. Net proceeds of the offering will be used primarily to support the Company’s global market expansion. “We are pleased to close
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TAOP
News
- Taoping Signs Letter of Intent to Acquire Alphalion Holding, Significantly Bolsters AI-Driven Digital EcosystemPR Newswire
- Taoping (NASDAQ:TAOP) had its "sell (d-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Taoping to Acquire Skyladder Group in All-Stock Transaction Valued at RMB 152 MillionPR Newswire
TAOP
Sec Filings
- 12/1/25 - Form 6-K
- 10/1/25 - Form 6-K
- 9/30/25 - Form 6-K
- TAOP's page on the SEC website