TAOP Raises $2 Million from Recent Financing
Taoping Inc. - Ordinary Shares (TAOP)
Company Research
Source: GlobeNewswire
SHENZHEN, China, Sept. 11, 2020 (GLOBE NEWSWIRE) -- Taoping Inc. (NASDAQ: TAOP, the “Company”), a leading provider of internet-based smart display screens, and a new-media ecosystem that enables 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 10, 2020. In this financing, the Company is issuing to the investor an aggregate of 222,222 ordinary shares, no par value (the “Ordinary Shares”), a convertible note with principal amount of $1,480,000 and a warrant to purchase 53,333 Ordinary Shares at $9.0 per share. The gross proceeds to the Company from the financing are $2.0 million before deducting estimated offering expenses. For more details of the financing, please see the Company’s Report on Form 6-K to be filed on or about September 11, 2020. This press release shall not constitute an offer to sell or the solicitation of an offer to buy,
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