Taoping Regains Compliance with Nasdaq Minimum Bid Price Requirement

Rhea-AI Summary

Taoping Inc. (TAOP), a smart cloud platform services provider, has successfully regained compliance with Nasdaq's minimum bid price requirement. The company received official notification from Nasdaq on June 13, 2025, confirming that it has resolved its bid price deficiency and met the requirements of Nasdaq Listing Rule 5550(a)(2). As a result, Taoping's ordinary shares will continue to trade on the Nasdaq exchange under the ticker symbol 'TAOP' without interruption. This development ensures the company maintains its listing status on the major exchange.

Positive

• Successfully regained Nasdaq compliance, removing delisting risk
• Maintains listing status on major exchange, ensuring continued market visibility and access to capital markets

Negative

• Previous trading price weakness that led to compliance issues indicates market concerns

SHENZHEN, China, June 16, 2025 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company"), a provider of innovative smart cloud platform services and solutions, today announced that on June 13, 2025, it received notification from The Nasdaq Stock Market LLC ("Nasdaq") confirming the Company has cured its bid price deficiency, and that the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2). Accordingly, this matter is now closed and the Company's ordinary shares will continue to trade uninterrupted on Nasdaq under the ticker "TAOP".

About Taoping Inc.

Taoping Inc. (Nasdaq: TAOP) has a long history of successfully leveraging technology in the development of innovative solutions to help customers in both the private and public sectors to more effectively communicate and market to their desired targets. The Company has built a far-reaching city partner ecosystem and comprehensive portfolio of high-value, high-traffic areas for its products, which are aligned together with Taoping's smart cloud platform, cloud services and solutions, new media and artificial intelligence. For more information about Taoping, please visit http://en.taop.com.  You can also follow us on X.

Safe Harbor Statement

This press release contains "forward-looking statements" that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, such as statements regarding our estimated future results of operations and financial position, our strategy and plans, and our objectives or goals, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. We have attempted to identify forward-looking statements by terminology including "anticipates," "believes," "can," "continue," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "should," or "will" or the negative of these terms or other comparable terminology. Our actual results may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking statements. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: our potential inability to achieve or sustain profitability or reasonably predict our future results, the effects of the global pandemic or other health crisis, the emergence of additional competing technologies, changes in domestic and foreign laws, regulations and taxes, uncertainties related to China's legal system and economic, political and social events in China, the volatility of the securities markets; and other risks including, but not limited to, those that we discussed or referred to in the Company's disclosure documents filed with the U.S. Securities and Exchange Commission (the "SEC") available on the SEC's website at www.sec.gov, including the Company's most recent Annual Report on Form 20-F as well as in our other reports filed or furnished from time to time with the SEC. The forward-looking statements included in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statements, other than as required by applicable law.

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SOURCE Taoping Inc.

FAQ

What does Taoping's (TAOP) Nasdaq compliance mean for investors?

Regaining Nasdaq compliance means TAOP will continue trading on the exchange without interruption, maintaining better market visibility and liquidity for investors.

When did Taoping (TAOP) receive confirmation of Nasdaq compliance?

Taoping received official notification from Nasdaq confirming compliance with minimum bid price requirements on June 13, 2025.

What is Nasdaq Listing Rule 5550(a)(2) that Taoping (TAOP) complied with?

Nasdaq Listing Rule 5550(a)(2) refers to the minimum bid price requirement that listed companies must maintain to continue trading on the Nasdaq exchange.

What business is Taoping (TAOP) involved in?

Taoping is a provider of innovative smart cloud platform services and solutions.

Will Taoping (TAOP) continue trading under the same ticker symbol?

Yes, Taoping will continue trading on Nasdaq under the ticker symbol 'TAOP' without any changes.