TAOP Enters into Securities Purchase Agreement
Taoping Inc. - Ordinary Shares (TAOP)
Company Research
Source: GlobeNewswire
SHENZHEN, China, Oct. 01, 2019 (GLOBE NEWSWIRE) -- Taoping Inc. (NASDAQ: TAOP, the “Company”), a leading provider of internet-based smart display screens, and a new-media ecosystem that enable targeted advertising and online retails, today announced that it has entered into a securities purchase agreement (the “Purchase Agreement”) with an investor (the “Investor”) on September 30, 2019. Pursuant to the Purchase Agreement, for a purchase price of $1,000,000, the Company will sell and issue to the Investor a Convertible Promissory Note (the "Note") in the principal amount of $1,040,000 and warrants to purchase 160,000 ordinary shares at $1.5 per share within three years following the issue date. This Note carries an original issue discount of $40,000 (the “OID”), to cover the Investor’s accounting fees, due diligence fees, monitoring, and/or other transactional costs associated with the purchase and sale of the Note. The Note matures in 12 months from the issue date, bearing interes
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TAOP
News
- Taoping Reports 59% Surge in Revenue for Full Year 2023; Company Expects Continued Growth in 2024 [Yahoo! Finance]Yahoo! Finance
- Taoping Reports 59% Surge in Revenue for Full Year 2023; Company Expects Continued Growth in 2024PR Newswire
- Taoping reports 53% rise in Q1 total contract revenue value to $8.3M [Seeking Alpha]Seeking Alpha
- Taoping Reports Record 1Q 2024 Contract Revenue with 53% Increase Compared to 1Q 2023 [Yahoo! Finance]Yahoo! Finance
- Taoping Reports Record 1Q 2024 Contract Revenue with 53% Increase Compared to 1Q 2023PR Newswire
TAOP
Sec Filings
- 4/25/24 - Form 20-F
- 4/25/24 - Form 6-K
- TAOP's page on the SEC website